FTSE 100 LIVE: US dollar slips as Asian stocks grind higher amid stable COVID-19 figures

FTSE 100 LIVE: US dollar slips as Asian stocks grind higher amid stable COVID-19 figures

Asia’s stock markets followed Wall Street higher after steady virus figures also boosted sentiment.  MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2%, and gains in semiconductor makers drove Japan’s Nikkei .N225 1.9% higher to a six-month peak.

 

This comes as the number of daily new COVID-19 infections in the United States seems to be stabilising. S&P 500 futures ESc1 traded flat.

The bond market was steady after a huge auction and the generally upbeat mood drove selling overnight, with benchmark 10-year US debt yielding 0.6622%.

A softer dollars helped gold rise steadily, adding 1% to $1,937 an ounce after whipsawing around $1,900 overnight.

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Published at Thu, 13 Aug 2020 05:54:04 +0000