SYDNEY - Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in US stock futures as investors looked past US-China trade tensions to a re-opening world economy.
European sentiment got a lift when a survey showed German business morale rebounded sharply in May as activity gradually returned to normal after weeks of lockdowns. "On this score, Japan ended its nationwide state of emergency, Spaniards have returned to bars in Madrid wearing masks and England will reopen some businesses on June 1."
The decline in US yields might have been a burden for the dollar but with rates everywhere near or less than zero, major currencies have been holding to tight ranges.
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