Tuesday Outlook: Asian shares step back; dollar wallows

Oil prices inch higher; Gold firms over virus concerns 

  
An employee of a foreign exchange trading company uses a smartphone in front of a monitor showing the Japanese yen's exchange rate against the U.S. dollar, in Tokyo December 3, 2013. Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing. The dollar hit a six-month high of 103.175 yen, extending a 0.5 percent gain overnight and less than 1 yen away from a 4-1/2 year high reached in May. REUTERS/Issei Kato

An employee of a foreign exchange trading company uses a smartphone in front of a monitor showing the Japanese yen's exchange rate against the U.S. dollar, in Tokyo December 3, 2013. Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing. The dollar hit a six-month high of 103.175 yen, extending a 0.5 percent gain overnight and less than 1 yen away from a 4-1/2 year high reached in May. REUTERS/Issei Kato

REUTERS/Issei Kato

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Asian shares hit speed bump, China extends sharp rally
China shares extend rally as investors count on policy support

Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
Market is still being supported by a bigger-than-expected drawdown in U.S. stockpiles

Dollar wallows as data temper recovery doubts
Dollar index -0.1%, close to two-week low

Gold firms to near 8-year peak as virus concerns boost demand
Spot gold was 0.1% higher at $1,784.99 per ounce by 0037 GMT


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