Asian shares push higher, shrug off global tension
By Lisa Twaronite
U.S. shares slumped overnight, as the rising global tension offset some upbeat U.S. earnings. So far this reporting period, 66 percent of S&P 500 companies have topped Wall Street's profit expectations, according to Thomson Reuters data, above the 63 percent average since 1994.
But the three major U.S. indexes ended well off their lows, a sign that some appetite for riskier assets remained, and S&P 500 E-Mini futures edged higher in Asian trade.
YIELDS
The yield on the 30-year Treasury bond inched down to 3.262 percent from its U.S. close of 3.264 percent on Monday, when it fell as low as 3.249 percent, the lowest since June 2013.
Investors also awaited U.S. consumer prices data due at 1230 GMT for clues to the timing of monetary tightening by the Federal Reserve.
The Labor Department is expected to report that U.S. inflation eased slightly to 0.3 percent in June, after rising food prices pushed the index to its biggest increase in more than a year in May.
The dollar edged about 0.1 percent higher on the day against its Japanese counterpart, to 101.53 yen, while the euro stood at 137.30 yen, up about 0.1 percent and pulling away from last Friday's five-month trough of 136.71 yen. The euro was largely steady at $1.3524, holding above a five-month low of $1.3491 touched on Friday.
In commodities, U.S. oil for August delivery rose about 0.4 percent to $104.96 a barrel after earlier topping $105, as traders covered positions ahead of the contract's expiry later on Tuesday. Brent crude for September delivery added 0.2 percent to $107.88.
Spot gold shed about 0.2 percent to $1,308.16 an ounce.
(Additional reporting by Ayai Tomisawa and Shinichi Saoshiro in Tokyo; Editing by Shri Navaratnam & Kim Coghill)