Tech Geek on Nostr: Asia shares firm, euro dogged by French election deadlock ...
Asia shares firm, euro dogged by French election deadlock
Asian stocks inched higher on Monday as investors grew more confident about a September U.S. rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.
The single currency dipped a fraction in reaction to $1.0825 , having been as high as $1.0843 on Friday when a soft U.S. jobs report undermined the dollar.
The euro was also down 0.25% on the Swiss franc at 0.9680 francs , but held firm on the yen at 174.00 . The dollar stood at 160.70 yen JPY=EBS>, just off its recent top of 161.86.
Equities were supported by hopes a U.S. policy easing was getting closer. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, trimming earlier gains, after reaching a two-year top last week.
Japan's Nikkei held steady near record highs. S&P 500 futures and Nasdaq futures were both down 0.1%.
Asian stocks inched higher on Monday as investors grew more confident about a September U.S. rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.
The single currency dipped a fraction in reaction to $1.0825 , having been as high as $1.0843 on Friday when a soft U.S. jobs report undermined the dollar.
The euro was also down 0.25% on the Swiss franc at 0.9680 francs , but held firm on the yen at 174.00 . The dollar stood at 160.70 yen JPY=EBS>, just off its recent top of 161.86.
Equities were supported by hopes a U.S. policy easing was getting closer. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, trimming earlier gains, after reaching a two-year top last week.
Japan's Nikkei held steady near record highs. S&P 500 futures and Nasdaq futures were both down 0.1%.