GLOBAL MARKETS-Asian stocks track Brexit deal cheer but China caution prevails

Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Sterling, which had enjoyed its biggest rising streak since October 1985 and hit a five-month high on the back of the Brexit deal, gave up ground on Friday morning amid doubts that the agreement would receive parliamentary approval. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade, echoing Wall Street’s …read more

Source:: Yahoo Finance

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