Asian shares gained in early trading Monday
Asian shares gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November.
- Japan’s Nikkei NIK, rose 1.1%.
- Hong Kong’s Hang Seng gained 0.5%.
- The Shanghai Composite SHCOMP edged up 0.3%
- Australia’s S&P/ASX 200 XJO, was up 0.6%.
- The euro climbed 0.1% to $1.1017.
- The Japanese yen was little changed at 109.47 per dollar, the biggest climb in more than a week.
- The British pound increased 0.2% to $1.2934, the strongest in more than a week.
- The yield on two-year Treasuries decreased one basis point to 1.61%.
- The yield on 10-year Treasuries advanced one basis point to 1.78%, the highest in more than a week.
- Germany’s 10-year yield gained less than one basis point to -0.36%.
- Britain’s 10-year yield increased two basis points to 0.697%, the highest in a week.
- West Texas Intermediate crude sank 4.6% to $55.42 a barrel, the lowest in more than a week on the biggest tumble in more than 10 weeks.
- Gold strengthened 0.6% to $1,463.92 an ounce, the highest in more than a week on the largest climb in more than four weeks.