Asian shares, dollar lifted by hopes for Ukraine progress | Reuters

Asian shares, dollar lifted by hopes for Ukraine progress | Reuters:



"Asian stocks rose on Tuesday after Wall Street climbed to its highest level since late July, while the dollar got some help from a rebound in U.S. Treasury yields and hopes of some easing of tensions in the Ukraine crisis.



Financial spreadbetters predicted the cheer would spread to European trade, where they expected Britain's FTSE 100 to open 18 to 19 points higher, or up 0.3 percent; Germany's DAX to open 42 to 49 points higher, or up 0.5 percent; and France's CAC 40 to open 9 to 12 points higher, or up 0.3 percent.



"While no one is suggesting the crisis in Ukraine is anywhere near resolved, given that the fighting remains ongoing as Kiev’s forces tighten their grip, European markets look set to take their cues from last night's positive finish in the U.S., and open higher this morning," Michael Hewson, chief market analyst at CMC Markets, said in a note."



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