International Business: Asia shares up, rising yields lift dollar as oil surges – Gulf Digital News
- Date: 11-Oct-2021
- Source: Gulf Daily News
- Sector:Financial Markets
- Country:Gulf
International Business: Asia shares up, rising yields lift dollar as oil surges – Gulf Digital News
SYDNEY: Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen.
Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns.
"Bond yields continue to push higher, inflation expectations are rising and monetary tightening in various guises is becoming more prevalent," said ANZ analysts in a note.
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