Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of the Delta variant of the coronavirus across the region heightened worries about the its economic recovery.
Gold was down on Thursday morning in Asia, as investors digested remarks from a top U.S. Federal Reserve official that indicated the central bank could begin asset tapering sooner than expected.
The dollar was up on Thursday morning in Asia, as hawkish comments from the U.S. Federal Reserve increased bets on earlier-than-expected asset tapering and boosted the dollar.
il prices rose on Thursday, supported by tensions in the Middle East, but failed to recoup most of the previous day’s losses after a surprise build in crude stockpiles in the United States, the world’s top oil consumer.
The S&P 500 fell Wednesday on signs of weakness in the labor market market that spooked investors at a time when the Federal Reserve continues to signal that easy monetary policy measures will soon come to an end.
Asian shares held on to recent gains in morning trading on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve, that boosted the dollar while weighing on risk appetite, and uncertainty about Chinese policy.