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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 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. The uncertainty surrounding that still hasn't changed one iota," said James McGlew, executive director of corporate stockbroking at Argonaut in Perth, Australia. Investors were also encouraged by upbeat earnings from Netflix and Morgan Stanley, but poor results from International Business Machines Corp and weak US economic data weighed. Housing starts, industrial production and mid-Atlantic factory output all fell short of economist expectations.

Madison L. While uncertainty remains over the outlook for the Asin economy, investors have been cheered by the Asian cheer season so far as a number of reports have come in above forecasts, though analysts point out that expectations had been low. Oil was mixed ahead of the China data, with Private property laws in virginia crude up cgeer. Mariah L. Making the Squad: Finals rehearsal. The content you requested does not exist or is not available anymore. Follow us on. We have provided a travel package which include accommodation and transportation Asian cheer airport and land transfer option. Start typing to see results or hit ESC to close china chinese asian asia japan.

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A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo Reuters.

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A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo Reuters. The rebound in stock prices also prompted U.

Supporting the market cheer, Federal Reserve Chairman Powell on Tuesday dropped his standard reference to the central bank being "patient" in its approach to any rate decision, instead saying the Fed would respond "as appropriate" to the risks posed by a global trade war and other recent developments.

It's just the markets have priced in much of the news to come," said Yasuo Sakuma, chief investment officer at Libra Investments. Uncertainties over how, or if, the United States will settle its trade conflict with its key trade partners, notably China, has kept many investors on edge.

Chinese President Xi Jinping said the country's economy is stable, healthy and well placed to meet all risks and challenges, according to a transcript published by the Xinhua news agency. The greenback hit a seven week-low of The index was last quoted at The pound recovered on Tuesday, after suffering its 4th consecutive week of losses against the euro, but concerns about a disorderly departure from the European Union meant gains were minimal, amid promises from U.

President Donald Trump of a "phenomenal" post-Brexit trade deal. Other major currencies were relatively calm, with the safe-haven yen still supported but not aggressively so. The dollar was holding at In early Asian trade, U. Search icon A magnifying glass. It indicates, "Click to perform a search".

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The dollar gained on the safe-haven yen as Treasury yields jumped and futures reined in bets for a half-point rate cut from the U. Federal Reserve this month. The initial reaction was one of relief that new tariffs were avoided and Japan's Nikkei climbed 1. Treasury futures slid 11 ticks and yields on year notes rose 4 basis points to 2.

The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.

China agreed to make unspecified new purchases of U. Still, no deadline was set for a deal and much damage has already been done, with a survey of Chinese manufacturing out over the weekend showing a continued contraction in new orders.

The reaction in currency markets was to strip some recent gain from safe harbors like the yen and Swiss franc. The dollar hopped up 0. The dollar added 0. The offshore Chinese yuan gained 0. Oil prices swung high in early trade on news OPEC and its allies look set to extend supply cuts at least until the end of as Iraq joined top producers Saudi Arabia and Russia in endorsing the policy.

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