Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.
Japan’s Nikkei stock index gained 0.8 percent, while Australian shares were up 0.2 percent.
The euro was also higher, up 0.04 percent at $1.1375 after Italy’s government offered to lower its deficit target next year to 2.04 percent of gross domestic product, below the 2.4 percent level that the European Commission had rejected as too high.
U.S. crude rose 0.37 percent to $51.34 a barrel as trade tensions eased, and spot gold was slightly higher, trading at 1,245.77 per ounce on the weaker dollar.
Source : Reuters