Asian share markets broadly higher on Tuesday

Asian share markets edged higher on Tuesday and Europe looked set to follow as investors awaited a speech by President Donald Trump on U.S. trade policy and on news he will likely delay a decision on whether to slap tariffs on European autos.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.5%, following a sharp 1.2% pullback on Monday.
  • Japan’s Nikkei, which dithered either side of flat most of the day, ended 0.8% higher.
  • Shanghai blue chips eased 0.2% after bank lending growth undershot analysts’ estimates.
  • E-Mini futures for the S&P 500 rose 0.2%.
  • EUROSTOXX 50 futures gained 0.4%.

Currency

  • The pound reached 0.8582 per euro, and firmed to $1.2856 having risen 0.6% overnight.
  • Against a basket of currencies, the dollar steadied at 98.224.
  • The euro edged up to $1.1038 and away from a three-week low of $1.1015.
  • The dollar faded to 109.26 yen.

Commodities

  • Spot gold suffered a third day of declines, to touch its lowest since early August at $1,447.89 per ounce. It was last trading at $1,450.44.
  • U.S. crude gained 28 cents to $57.14 a barrel.
  • Brent crude futures added 35 cents to $62.53.

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