The Traderszone Network

Published in TZ Latest News 3 February, 2015 by The TZ Newswire Staff

Asian shares at three-month peak, warily watching oil

Asian shares took Wall Street’s lead to reach three-month peaks on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was unclear how long this latest mood swing would last. So far on Wednesday, oil prices were down only modestly with bulls seemingly hopeful that industry cuts to investment would lessen the glut of supply in the market. Benchmark Brent crude oil was off a slim 15 cents at $57.76, following a rise of almost 6 percent on Tuesday.

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