10:20 A.M.Oil steadies after gainsOil prices steadied after gaining for two sessions as a U.S. infrastructure bill, Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. U.S.'s long-delayed $1 trillion infrastructure bill coupled with better-than-expected Chinese exports brought optimism about a more expansive global economy. Asian shares rose on the back of US equities after a US infrastructure bill boosted sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3% and Japan's Nikkei stock index rose 0.06%. Besides, China's blue-chip CSI300 index was 0.33% higher in early trade and Hong Kong's Hang Seng index opened up 0.65%.

Source: The Hindu November 09, 2021 05:31 UTC