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Asia shares tick up, dollar unchanged

Asia shares tick up, dollar unchanged
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First Published: Tue, Dec 21 2010. 10 12 AM IST
Updated: Tue, Dec 21 2010. 10 12 AM IST
Shanghai: Japan’s Nikkei share index rises 0.7% as investors pick up bargains after recent price falls, but volume is low on absence of foreign buyers.
MSCI Asia share index excluding Japan also up 0.7%.
Euro trades around resistance level of $1.3175, though economists expect the currency to head towards $1.25 by the end of the year, as worries about high debt levels inside the single currency zone persist.
Dollar little changed versus the yen at ¥83.64. No policy change is expected at the Bank of Japan’s two-day policy meeting that ends on Tuesday.
Spot gold trades around $1,387 per ounce, slighty down from Monday’s dealing, and well below the historical high of $1,430 it hit earlier in December.
US crude oil rises around 20 cents to $89.62 per barrel, supported by cold weather in Europe and the United States.
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First Published: Tue, Dec 21 2010. 10 12 AM IST
More Topics: Markets | Global | Asia | Nikkei | Hang Seng |