Markets boosted by trade-talk hopes

HONG KONG: Asian and European markets rallied on Monday following a strong lead from Wall Street and comments from Donald Trump’s top economic adviser hailing “positive” trade talks with Chinese negotiators.

Optimism that central banks will provide fresh support to head off a global economic recession has also given a much-needed boost to regional equities after last week’s sell-off, with eyes on an upcoming speech by Federal Reserve Chairman Jerome Powell for clues about its plans.