Asian shares shed early gains from a strong Wall Street lead on Wednesday, as some investors booked profits on a stellar run to record highs, but hope for additional U.S. economic stimulus and a coronavirus vaccine kept market sentiment well supported.
Asian Stocks
- The Stoxx Europe 600 Index declined 0.3% as of 8:26 a.m. London time.
- Nasdaq 100 Index futures were little changed.
- Futures on the S&P 500 Index decreased 0.2%.
- The MSCI Asia Pacific Index increased 0.2%.
Commodities
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Oil prices extended losses in Asian trading after OPEC and its allies left markets in limbo by postponing a formal meeting to decide whether to lift output in January.
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Brent crude futures fell 0.53% to $47.16 per barrel.
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U.S. crude fell 0.63% to $44.27 per barrel.
Currencies
- The Bloomberg Dollar Spot Index climbed 0.1%.
- The British pound decreased 0.4% to $1.337.
- The Japanese yen weakened 0.2% to 104.57 per dollar.
- The offshore yuan weakened 0.1% to 6.5596 per dollar.
Bonds
- Germany’s 10-year yield climbed less than one basis point to -0.53%.
- Britain’s 10-year yield dipped one basis point to 0.341%.
- France’s 10-year yield rose less than one basis point to -0.288%.
- Japan’s 10-year yield gained one basis point to 0.026%.
