- Analytics

    291.75 5.75/10
    80% of positive reviews

    MORNING BELL: Asia shares higher after Wall Street rally

    Asian stocks gained early on Tuesday, taking heart after seeing Wall Street take the attacks in Paris in stride and surge overnight, while expectations for a rate hike by the Federal Reserve in December kept the dollar on a bullish footing. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares gained 0.8 percent. Japan's Nikkei added 1.3 percent.

    Gold traded down in Asia on Tuesday, but was well-supported as geopolitical risk linked to the deadly attacks in Paris kept demand for safe haven assets steady. On the Comex division of the New York Mercantile Exchange, gold for December delivery fell 0.08% to $1,082.70 a troy ounce. Silver for December delivery rose 0.02% to $14.225 a troy ounce. Copper for December delivery was also flat at $2.122 a pound.

    Crude oil prices continued gains in Asia on Tuesday with estimates of U.S. stockpiles ahead. The American Petroleum Institute will release its estimates of crude and refined stockpiles later today, followed Wednesday by more closely watched figures from the U.S. Department of Energy. On the New York Mercantile Exchange, WTI crude for December delivery rose 0.34% to $41.88 a barrel.

    The dollar stood near a 1-week high of 123.33 yen, a safe-haven currency usually sought in times of geopolitical tension. The dollar also stood tall against the Swiss franc, another safe-haven, after advancing to an 8-month high. The euro was steady at $1.0688 after losing about 0.9 percent overnight.










    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree