Oil prices continued its high on Tuesday after starting the week at its its highest level in years.
The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.
Asian shares advanced on Tuesday, supported by a tech-driven Wall Street rally, and a rebound in Chinese markets a day after weak data heightened investor concerns about the world’s second-largest economy.
The dollar was up on Monday morning in Asia. Inflation data from New Zealand was higher than expected while data from China showed slower-than-expected economic growth. Hawkish comments from the Bank of England (BOE) governor also placed the possibility of interest rate hikes on investors’ radars.
Gold was down on Monday morning in Asia, recouping some losses after a steep sell-off during the previous session as U.S. bond yields eased.
Oil was up Monday morning in Asia, hitting its highest level in years. Increasing fuel demand, and power generators’ switch from expensive gas and coal to fuel oil and diesel, all gave the black liquid a big boost.