Currencies
The Egyptian pound is the least affected by the coronavirus ramifications, a matter which proves the State's successful policies at the economic level, according to an infographic.
Against a basket of currencies .DXY, the dollar was flat after falling 0.8 percent last week, its biggest weekly drop since late August.
Chinese shares reversed earlier losses to be in the positive territory. The blue-chip index .CSI300 was last up 0.1 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was last up 0.8 percent to stand at its highest since Oct. 8.
“Markets are increasingly pricing in the possibility of a victory for the Republicans - even in the House,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.
Trump and his Chinese counterpart are due to meet on the sidelines of the Group of 20 leaders summit in Argentina at the end of November.
Trump on Friday had notified Congress of his intent to sign a bilateral deal with Mexico after talks between Washington and Ottawa soured.
In early London trading, the euro weakened 0.2 percent to a one-week low against the British currency at 89.73 pence, taking its cumulative losses from the previous session to 1.3 percent.
The Turkish lira weakened as far as 6.4 to the dollar in early trade on Wednesday, its weakest since Aug. 15. By 0728 GMT, it was at 6.3700.
Investors in the region took some comfort from hopes that the trade talks between the U.S. and China expected this week will ease trade tensions.
The euro fell 0.2 percent to $1.1421 EUR= but was still above 2018 lows of $1.3010 hit last week.
Spreadbetters pointed to a mildly positive start for European shares with FTSE futures up 0.1 percent. Eurostoxx 50 futures opened 0.3 percent higher.
Many emerging market currencies also rose, clawing back some of Wednesday’s losses thanks to easing fears over the knock-on effects from a slide in the Turkish lira.
The currency gained some support from the announcement late on Wednesday of a Qatari pledge to invest $15 billion (11.8 billion pounds) in Turkey.
Asian equities had hit one-year lows overnight as they tracked Wednesday’s global falls and Tencent results disappointed
The lira bounced another 5 percent, sharply extending Tuesday's gains as authorities further tightened the screws on foreigners aiming to short the currency.
Hopes for more Chinese infrastructure spending also underpinned industrial resources including iron ore and copper.
The dollar has weakened since hitting a three-week high on Monday, when the prospect of a full-blown trade war increased demand for the U.S. currency.
U.S. equities now stand less than half a percent off record highs hit in January, testifying to the strength of the world’s biggest economy and corporate sector.
U.S. President Donald Trump said they had agreed to “work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.”
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