Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to 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 1% to its highest since early March when the economic impact of the coronavirus was just becoming clear.
That helped offset the war of words between Washington and Beijing over trade, the coronavirus and China’s proposals for stricter security laws in Hong Kong. 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 idling at 99.788=USD, sandwiched between support at 99.001 and resistance around 100.560.
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