Asian shares rise as coronavirus vaccine hopes renew

Asian shares have firmed on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial, although sentiment was still cautious before a big week of central bank meetings in the United Kingdom, Japan and the United States.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.7 percent on Monday, poised for its second consecutive session of gains.
  • Australian shares climbed 0.6 percent.
  • Japan’s Nikkei added 0.7 percent.
  • Chinese shares started firm with the blue-chip index rising 0.6 percent.

Currencies

  • Major currencies were treading water on Monday.
  • The US dollar was mostly steady against the yen at 106.11, a long way from its low this year of 101.2.
  • The euro was flat at $1.1849.
  • The Australian dollar was barely changed at $0.728.
  • The pound Sterling was a little higher at $1.2823.

Commodities

  • In commodities, US crude jumped 0.7 percent to $37.58 a barrel.
  • Brent crude climbed 0.5 percent to $40 per barrel.
  • Gold was firm, with spot prices at $1,949.7 per ounce.

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