Australian shares bucked the trend
to surge 1.6 percent, bouncing solidly from a 2.3 percent loss over the
previous two sessions, helped by the nation's central bank steering a
neutral course on rates in contrast to some of its peers who have
recently turned more hawkish.
The
broad Asian share market performance was in stark contrast to the
overnight increases in European and U.S. shares, with oil's longest
stretch of daily price gains in over five years boosting energy shares.
The S&P 500 index .SPX and the Dow Jones Industrial Average .DJI posted gains of 0.2 percent and 0.6 percent, respectively, led by financials and energy shares. The Nasdaq .IXIC lost 0.5 percent, as the rotation away from technology names continued.
European markets posted even stronger gains, with the FTSEurofirst 300 jumping as much as 1.2 percent following losses last week.
In currency markets, the dollar index .DXY, which tracks the greenback against a basket of trade-weighted peers, was steady at 96.23.
The Australian dollar AUD=D4 slid 0.65 percent to $0.7609 after the Reserve Bank of Australia's neutral outlook on rates disappointed speculators betting it would join other global central banks that have recently turned hawkish.
The euro EUR=EBS was little changed at $1.136 on Tuesday. Sterling inched up 0.1 percent to $1.295 GBP=D3, but failed to make up most of Monday's 0.7 percent loss after poorer-than-expected data from Britain's manufacturing sector.
Crude futures posted their first session of losses in nine, ending their longest run of gains since February 2012, as traders closed positions ahead of the U.S. holiday. U.S. crude CLc1 slipped 0.5 percent to $46.85 a barrel.
Global benchmark Brent LCOc1 also fell 0.5 percent to $49.44. On Monday, it closed up 3.7 percent, its biggest one-day gain since December 2016.
Gold inched up from its lowest level in more than seven weeks hit on Monday on the dollar's strength. Spot gold XAU= was up 0.3 percent at $1,224.49 an ounce on Tuesda
The S&P 500 index .SPX and the Dow Jones Industrial Average .DJI posted gains of 0.2 percent and 0.6 percent, respectively, led by financials and energy shares. The Nasdaq .IXIC lost 0.5 percent, as the rotation away from technology names continued.
European markets posted even stronger gains, with the FTSEurofirst 300 jumping as much as 1.2 percent following losses last week.
In currency markets, the dollar index .DXY, which tracks the greenback against a basket of trade-weighted peers, was steady at 96.23.
The Australian dollar AUD=D4 slid 0.65 percent to $0.7609 after the Reserve Bank of Australia's neutral outlook on rates disappointed speculators betting it would join other global central banks that have recently turned hawkish.
The euro EUR=EBS was little changed at $1.136 on Tuesday. Sterling inched up 0.1 percent to $1.295 GBP=D3, but failed to make up most of Monday's 0.7 percent loss after poorer-than-expected data from Britain's manufacturing sector.
Crude futures posted their first session of losses in nine, ending their longest run of gains since February 2012, as traders closed positions ahead of the U.S. holiday. U.S. crude CLc1 slipped 0.5 percent to $46.85 a barrel.
Global benchmark Brent LCOc1 also fell 0.5 percent to $49.44. On Monday, it closed up 3.7 percent, its biggest one-day gain since December 2016.
Gold inched up from its lowest level in more than seven weeks hit on Monday on the dollar's strength. Spot gold XAU= was up 0.3 percent at $1,224.49 an ounce on Tuesda
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