Asian shares scale 3 month peak

Asian shares advanced to three-month highs on Monday as progress on re-opening economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing.

Asian Shares

  • Hong Kong managed to rally 3.3%, while Chinese blue chips put on 2.54%.

Currency

  • In afternoon trade, the dollar was 0.3% softer on a basket of peers at 97.923 having touched an 11-week low of 97.944 on Friday.
  • It was also down on the yen at 107.50.
  • Much of the dollar’s recent decline has come against the euro which has been broadly boosted by plans for an EU stimulus package.
  • The single currency was last up at $1.1143, after climbing 1.8% last week.

Gold Price

  • In commodity markets, gold added 0.91% to $1,742 an ounce.

Oil Price

  • Brent crude futures were off 37 cents at $37.70 a barrel, while U.S. crude fell 31 cents to $35.38.

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