Asia shares rise on rate cut bets

Singapore, May 7 (BNA):  Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while a weaker yen and a small dip in the Australian dollar kept the dollar steady.

MSCI’s broadest index of Asia-Pacific shares outside Japan, opens new tab was up 0.3%. Japan’s Nikkei, opens new tab rose 1.3%, Reuters reported.


FTSE futures were up 1% pointing to a positive return from a market holiday.  European futures rose 0.3% and S&P 500 futures were flat.


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