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SYDNEY (Reuters) - 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.
FILE PHOTO: 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
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.7%, led by a 1.3% drop in Taiwan. Japan’s Nikkei was shut for a holiday, but Nikkei futures edged up 0.4%.
FOREX-Dollar holds gains as traders look to U.S. data for policy cues Reuters 2 hrs ago
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By Tom Westbrook
SINGAPORE, May 3 (Reuters) - The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. 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 $1.2029 per euro and bought 109.28 yen.
European shares gained on Monday as investors bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound. With China, Japan and Britain closed for public holidays, volumes were thin and Asian shares got off to a slow start, with most markets slipping into the red. But investors optimistic mood, enhanced by a strong run of corporate earnings the past two weeks, has extended into May in Europe. The Euro STOXX index rose 0.68% in early trading, while the German DAX gained 0.7% and France s CAC 40 0.61%.
By Tom Westbrook SINGAPORE (Reuters) - The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central.