Asia stocks stall on China housing plan, 'Trump trade' lifts dollar

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Key Points

SINGAPORE (Reuters) -Asian shares gave back early gains on Thursday as a housing policy briefing in China underwhelmed investors, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency...

Global bonds were firm following a surprisingly large drop in British inflation and as the European Central Bank is expected to make its first back-to-back rate cut in 13 years...

Chinas housing minister promised to improve builders access to funding for finishing thousands of projects and the central banks deputy governor said cuts to down payments had already improved confidence and sales...

The Australian dollar bounced from a one-month low in Asia after data showed net employment blowing past forecasts and pushing out rate cut bets...

Rates markets have priced a near 90% chance of two 25-basis-point rate cuts before years end and the news sent sterling down 0.6% to its lowest since Aug. 20, while helping to push gilt and global bond yields lower.[GB/][GVD/EUR][US/]..

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