Asian shares edge higher, dollar weak as traders await earnings

Nederland Nieuws Nieuws

Asian shares edge higher, dollar weak as traders await earnings
Nederland Laatste Nieuws,Nederland Headlines

Asian shares edged higher on Monday ahead of a week packed with major quarterly earnings announcements though news of trials of a property tax in China weighed on Hong Kong and mainland Chinese markets.

The risk friendlier mood that supported equities has weighed on safe-haven currencies, as have rising energy prices which supported currencies including the Aussie and Canadian dollars .

Traders are waiting for U.S. third quarter GDP figures due Thursday with a weak print likely to weigh on the dollar, according to analysts at CBA. Markets are still trying to position themselves for a widely expected tapering of the U.S. stimulus programme this year, and the possibility of rate hikes late in 2022

Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide.rose 1.11% to $84.69, a new seven-month high.

 

The $ is not the only way of international trade

Hopefully TSA reflects the same

this is terrible news

Nederland Laatste Nieuws, Nederland Headlines

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