Asian shares scaled three-month highs on Friday
Asian shares scaled three-month highs on Friday as a surprise bounce in Chinese manufacturing activity eclipsed doubts raised by a Bloomberg news report over whether the United States and China can reach a long-term trade deal.
- Shares in Europe were set to follow Asia’s lead.
- Pan-region Euro Stoxx 50 futures STXEc1 were up 0.28%,
- German DAX futures FDXc1 gained 0.34% and FTSE futures FFIc1 added 0.19%.
- Hong Kong’s Hang Seng .HSI added 0.65% and Seoul’s Kospi .KS11 rose 0.77%.
- The Nikkei N225 underperformed, ending the day down 0.33%.
- MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS reversed early losses to touch fresh three-month highs, and was last up 0.4%.
- In the currency market, the dollar was down 0.05% against the yen at 107.97.
- The euro EUR= was 0.1% higher on the day at $1.1161, while the dollar index.
- DXY, which tracks the greenback against a basket of six major rivals, was down 0.12% at 97.328.
- U.S. crude CLc1 rose 0.28% to $54.33 a barrel and Brent crude LCOc1 inched up 0.03% to $59.64 per barrel.
- Spot gold XAU= eased 0.24% to $1,509.54 per ounce.