Asian stocks: Buyers sneak in as Shanghai talks set to begin, BOJ remains dovish

• Asian shared edge up amid mixed trade headlines, dovish BOJ and Brexit pessimism.
• Trade/political news, speculations concerning the Fed and the US data will be in the spotlight.

Following the recent pessimism surrounding the US-China trade deal, Asian shares inch up ahead of Tuesday’s European session as BOJ’s refrain from fresh moves and mixed trade headlines lure buyers.

The Bank of Japan (BOJ) held its monetary policy unchanged but cut near-term inflation and growth forecasts in the quarterly economic outlook report while showing readiness to ease further “without hesitation”. On the other hand, Chinese media praised a recent increase in the dragon nation’s import of the US agricultural products, which in turn counters the latest doubts over a deadlock during the two-day trade negotiations in Shanghai.

Weighing on the market sentiment was Brexit pessimism that dragged the British Pound to multi-month low whereas political tension surrounding the Middle East could also be considered as a reason to cap the optimism.

The US 10-year treasury yield clings to 2.06% by the press time as buyers and sellers struggle ahead of the key trade talks and beginning of the monetary policy meeting by the US Federal Reserve officials.

The MSCI’s ex-Japan Asia-Pacific stock index flashes a 0.29% gain while Japan’s NIKKEI marks +0.34% figure for bulls. Further, China’s HANG SENG also benefited from the market’s turn and receding protests at Hong Kong, marking 0.34% positives by the time of writing. Adding to the positive list were Australia’s ASX200, New Zealand’s NZX 50 and India’s BSE SENSEX.

In addition to the headlines from Shanghai, speculations concerning the Fed’s move during tomorrow’s announcement and second-tier spending, housing and consumer sentiment data from the US could also entertain market players.