Asian shares firm as investors stay hopeful on U.S.-China disputes
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS had inched up 0.23% while Japan's Nikkeirose 0.6% and Australia's benchmark by 0.8%, some of that coming after the central bank rate cut.
“Whether it was a fake news or not, it is becoming harder to know exactly what the U.S. administration will be doing,” said Takashi Hiroki, chief strategist at Monex Securities.Back in the currency market, the euro traded at $1.0888JPY=Gold also fell to a two-month low as the stronger greenback took its toll on metals markets, It was last trading at $1,468.50 per ounce XAU=.
Oil prices rebounded, however, after data showed production at the world’s largest oil producers fell in the third quarter. It also came after a sizeable 8% drop over the last few months.
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