Home Economy Asia shares up, rising yields lift dollar as oil surges

Asia shares up, rising yields lift dollar as oil surges

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  • <a href=”https://tmsnrt.rs/2zpUAr4″>Asian stock markets:</a>
  • U.S. stock futures pare losses, Nikkei aided by yen drop
  • Oil leads energy complex higher, stokes inflation risk
  • Dollar reaches highest on yen since late 2018

SYDNEY, Oct 11 (Reuters) – Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen.

Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns.

“Bond yields continue to push higher, inflation expectations are rising and monetary tightening in various guises is becoming more prevalent,” said ANZ analysts in a note.

“The global chips shortage will extend well into next year, adding further uncertainty to uneven recoveries,” they said. “Add in energy shortages, and the economic landscape is materially…

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