In currency markets, the safe-haven yen found
itself temporarily out of favour as the dollar moved up to 118.30 yen
from an early 117.61.
The
Australian dollar, often used as a liquid proxy for the yuan, rallied
over half a U.S. cent at $0.7026, while the euro slipped to $1.0827 from
$1.0860.
The dollar rose 0.2 percent against a basket of currencies to 99.156, approaching resistance around the 100 barrier.
Likewise, low-risk sovereign bonds had to surrender a little of their recent gains and yields on 10-year debt nudged up 4 basis points 2.138 percent.
The hint of firmer demand from China provided a reprieve for commodity prices, which have been under the hammer for months.
U.S. crude edged up 40 cents to $30.84 a barrel, a day after breaching the $30 barrier for the first time in 12 years.
Benchmark Brent was quoted 26 cents higher at $31.12 a barrel. U.S. crude had fallen 17 percent in just seven sessions, a gift to consumers across the globe but also a strong force for disinflation.
The dollar rose 0.2 percent against a basket of currencies to 99.156, approaching resistance around the 100 barrier.
Likewise, low-risk sovereign bonds had to surrender a little of their recent gains and yields on 10-year debt nudged up 4 basis points 2.138 percent.
The hint of firmer demand from China provided a reprieve for commodity prices, which have been under the hammer for months.
U.S. crude edged up 40 cents to $30.84 a barrel, a day after breaching the $30 barrier for the first time in 12 years.
Benchmark Brent was quoted 26 cents higher at $31.12 a barrel. U.S. crude had fallen 17 percent in just seven sessions, a gift to consumers across the globe but also a strong force for disinflation.
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