Tuesday Outlook: Asian shares dip; oil prices drop for fourth day

Yuan stands tall; gold inches lower

  
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.

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

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Asian stocks dip as U.S. political concerns grow
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower after U.S. stocks ended the previous session in the red

Oil prices drop for 4th day as COVID-19 second wave worries intensify
Brent crude futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT

Yuan stands tall but U.S. stimulus doubts cap broader risk rally
Sterling also held on to small gains made the previous day at $1.2947

Gold inches lower on caution over U.S. stimulus bill
Spot gold fell 0.1% to $1,903.16 per ounce by 0055 GMT


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