Asian shares, pound rise on cautious Brexit deal hopes

Asian shares and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union at key negotiations this week.

 Asian shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1%.
  • Australian shares were up 0.17%.
  • Japan’s Nikkei stock index was up 1.86%.
  • The pan-region Euro Stoxx 50 futures rose 0.23% German DAX futures were 0.16% higher.
  • FTSE futures were up 0.12%.
  • U.S. stock futures (ESc1) rose 0.27% on Tuesday.
  • Asia after the S&P 500 ended 0.14% lower.

Currency

  • In the currency market, sterling rose 0.17% to $1.2632, approaching a three-month high of $1.2708.
  • The pound (EURGBP=D3) also rose around 0.18% to 87.34 pence per euro.
  • The yen , often considered a safe haven in times of economic uncertainty, held steady at 108.33 versus the dollar,

Commodities

  • U.S. crude fell 0.71% to $53.21 per barrel following a 2% decline overnight due to worries that global energy demand will remain weak.
  • Brent crude also fell 0.78% to $58.89 per barrel.

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