Asian shares mostly higher as China-U.S. trade talks drag on

Elaine Kurtenbach, The Associated Press
Published Monday, March 11, 2019 12:54AM EDT
Last Updated Monday, March 11, 2019 6:35AM EDT

BANGKOK — Shares were mostly higher in Europe on Monday, tracking gains in Asia as investors awaited further developments in trade talks between the U.S. and China.

Britain’s FTSE 100 gained 1 per cent in early trading to 7,175.46 as Prime Minister Theresa May battled to stave off a fresh defeat for her proposal on the divorce from the European Union. Talks were deadlocked a day before Parliament was scheduled to vote on the plan.

Germany’s DAX edged 0.1 per cent higher to 11,471.01 and the CAC 40 in France was less than 0.1 per cent higher at 5,235.74. Wall Street looked set for a mixed start, with the future contract for the Dow Jones Industrial Average down 0.7 per cent to 25,350.00. That for the S&P 500 gained 0.1 per cent to 2,754.10.

“Brexit jitters are setting in ahead of a series of Brexit votes starting tomorrow,” Jasper Lawler, head of research for London Capital Group, said in a commentary. “With Theresa May’s deal now an almost certain failure, pound traders are concerned about what actually comes next. A delay is looking like the most likely outcome.”

The British pound was trading at $1.2986, down from $1.3014 on Friday.

Shares in aircraft manufacturer Boeing Co. dropped 9.6 per cent in pre-market trading after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all 157 people aboard.

News on the trade front was quiet.

Speaking on the sidelines of the annual legislative session on Sunday, China’s central bank governor, Yi Gang, gave no indication China and the U.S. had reached a consensus beyond previous commitments produced by meetings of the Group of 20 major economies.

Yi, who attended

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