Wayne Cole
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A man stands in front of a screen displaying Nikkei share average and the world s stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan December 30, 2020. REUTERS/Issei Kato/File Photo
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Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
MSCI s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.7%, led by a 1.3% drop in Taiwan (.TWII). Japan s Nikkei (.N225) was shut for a holiday, but Nikkei futures edged up 0.4%.
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SINGAPORE The dollar drifted higher in the Asia session on Tuesday, pausing a monthlong decline as investors weigh whether a roaring U.S. economic recovery may force interest rates higher and are looking to upcoming economic data and policy speeches for clues.
The greenback rose about 0.2% against the yen, euro and pound in trade thinned by holidays in China and Japan. It stepped up slightly further against the trade-sensitive Australian and New Zealand counterparts while the dollar index against a basket of major rivals added 0.2% to 91.151.
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Global Markets: Asia off to slow start ahead of U S data deluge yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Monday, 03 May 2021 11:30 AM MYT
The dollar index, measured against six major currencies, held at 91.242. The index dropped 2 per cent through April as a positive view of global recovery prospects lifted trade-exposed currencies at the dollar’s expense. Reuters pic
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SINGAPORE, May 3 The dollar clung to a recent bounce today as investors made a cautious start to a week crammed with central bank meetings and big-ticket US economic data, looking for clues on the outlook for global inflation and for policymakers’ response.
Asia trade was thinned by public holidays in Japan and China that also kept a lid on volatility, leaving the greenback where it settled after a Friday leap. It steadied at US$1.2029 per euro and bought 109.28 yen.
ChinaAsia off to slow start ahead of U.S. data deluge
Wayne Cole
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A man holding an umbrella walks in front of an electric board showing Nikkei index at a brokerage in Tokyo, Japan February 15, 2021. REUTERS/Kim Kyung-Hoon
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Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
MSCI s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was all but flat after taking a bit of a spill on Friday. Japan s Nikkei (.N225) was shut for a holiday, but Nikkei futures edged up 0.2%.