International Finance: Asian stocks climb; dollar edges lower, yen gains: markets wrap

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Asian shares started the week higher with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally. The dollar declined.

Equity futures for the S&P 500 climbed, along with those for Europe, and a benchmark of Asian shares rose about 0.5%. Japan painted a different picture with stocks trading lower as the yen’s rebound continued to weigh on exporters.

Bitcoin traded above $21,000 following a rebound over the weekend, when it surged amid optimism that it may have bottomed. The impact of surging Covid infections is also on the minds of traders as they weigh this with the economy’s reopening. The World Health Organisation has urged China to share more detailed information on the spread of virus after the government’s announcement of almost 60,000 related deaths in a month.

 

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