Asia stocks edge higher, oil up amid Gulf confusion
SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a…
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Summary
SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. The drop in yields and general improvement in risk had pulled the US dollar broadly lower, with the euro just off a seven-week top at US$1.1557. In commodity markets, the drop in yields helped non-interest-paying gold hold at US$4,342 an ounce, having climbed more than 7 per cent last week.
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SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher
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The drop in yields and general improvement in risk had pulled the US dollar broadly lower, with the euro just off a seven-week top at US$1.1557.
according to Channel News AsiaIn commodity markets, the drop in yields helped non-interest-paying gold hold at US$4,342 an ounce, having climbed more than 7 per cent last week.
according to Channel News Asia
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