The euro and pound strengthened as Brexit negotiators moved closer to a divorce agreement. Incomes remained robust and inflation showed progress toward the Federal Reserve’s goal. Oil fluctuated after OPEC was said to agree to extend production cuts. Earlier, Hong Kong and South Koreanlisted shares tumbled, while Japanese stocks gained. South Korea’s won slid after its central bank said it would keep an accommodative policy stance after raising interest rates for the first time since 2011.

Source: Economic Times December 01, 2017 02:37 UTC