Stocks gain as vaccine shields second wave worries

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Asia's stock markets opened higher on Monday, as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the ...

Asia's stock markets opened higher on Monday, as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and risk-exposed currencies also edged higher.

The U.S. dollar, meanwhile, was marginally lower against the Antipodean currencies. Oil prices crept higher, though not enough to recoup late-week losses on worries about the winter ahead. In North Asia, Japan's quarterly economic growth beat expectations while China's factory output and retail trade data is due later in the day.

The departure of hardline adviser Dominic Cummings from Downing Street last week may leave more room for British compromises, but chief negotiator David Frost said on Twitter that talks"may not succeed". The risk-sensitive Australian dollar bought US$0.7284 and was steady ahead of a week of central bank speeches and significant data, beginning with Reserve Bank of Australia Governor Philip Lowe at 0840 GMT.

 

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