Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus , walks past a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, March 13, 2020. REUTERS/Athit Perawongmethaled the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just becoming clear.
European sentiment also got a lift when a survey showed German business morale rebounded in May as activity gradually returned to normal after weeks of lockdowns. Bond investors suspect economies will still need massive amounts of central bank support long after they reopen and that is keeping yields low even as governments borrow much more.
Against a basket of currencies the dollar was 0.2% lower at 99.788=USD, but still sandwiched between support at 99.001 and resistance around 100.560.
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