Asian shares edged up on Tuesday lifted by gains in China

Asian shares edged up on Tuesday lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept a lid on gains.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.31%.
  • U.S. S&P 500 e-mini futures rose 0.19% to 2,837.25.
  • Chinese blue-chips rose 1.02%.
  • Seoul’s KOSPI added 0.13%.
  • Australian shares were up 0.45%.
  • Japan’s Nikkei stock index gained 0.39%.

Currency

  • The dollar index, which tracks the greenback against a basket of six major rivals, was 0.20% higher at 97.806.
  • The dollar was barely weaker against the yen at 109.47, and fell 0.13% against the euro, with the common currency buying $1.1181.

Commodities

  • In commodity markets, oil prices wavered after rising more than 1% on Monday on tensions in the Middle East and OPEC-led supply cuts, as well as continuing Russian supply disruptions after a contamination problem discovered last month.
  • Brent crude was 0.1% lower at $70.04 per barrel, having earlier dipped below the $70 mark, and U.S. West Texas Intermediate crude added 0.82% to $59.11 per barrel.
  • Spot gold was down 0.12% at $1,283.21 per ounce.

Bonds

  • On Tuesday, U.S. yields were also lower. Benchmark 10-year Treasury notes yielded 2.3061%.
  • The two-year yield touched 2.1661%.

Bitcoin

Bitcoin, which on Monday touched $8,939.18, its highest in more than a year, was up 0.3% at $8,797.4, turning around from an earlier drop. The cryptocurrency topped $8,000 for the first time since July 2018 on May 13.

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