Asian stocks edged higher in opening trades today, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, whatever was agreed last night with the EU still has to go through the British parliament ... The uncertainty surrounding that still hasn’t changed one iota. Concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. U.S. fundamentals including, Housing starts, industrial production and mid-Atlantic factory output all fell short of economist expectations. In the currency market, the dollar was flat against the yen at 108.65, while the euro was up 0.04% on the day at $1.1126 and the pound sterling was trading at $1.2848. The dollar index which tracks the greenback against a basket of six major rivals, was barely lower at 97.596. The Chinese Yuan was trading at 7.0775 in the onshore market. The Indian Rupee opened marginally weaker at 71.19/20 against its previous session’s close of 71.16/17 and is expected to trade between 71.00– 71.40 ranges today.
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