Spreadex Market Update
Asian shares advanced throughout their session
Asian shares advanced throughout their session after getting off to a negative start following on from a red session in the US. Similar to the Dow Jones, Asian shares managed to regain the losses and ended the session with further gains. The Hang Seng advanced 0.92 percent whilst Japans Nikkei added 0.76 percent on to the index.
US Institute for Supply Management data released yesterday shows a rise to 59.0, its highest level since 2011. The Dollar surged to one year highs overnight which had a direct impact on commodity prices which saw Gold fall to an 11-week low. The precious metal for delivery in December dropped to lows of $1265 an ounce.
European bourses are looking set to open firmer this morning with the FTSE up 17 points whilst the DAX is looking to open up 30 points higher.
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