Global markets steady as dollar improves a little after Trump presidency jitters
London — Stock markets steadied and the dollar recovered ground on Tuesday after unease about US policy under Donald Trump’s presidency drove the currency to its weakest since early December. Traders in Asia said shares were helped by hope that concern about a stronger dollar expressed by the US president-elect at the weekend would be beneficial to emerging markets where companies have borrowed heavily in dollars. In Asia, MSCI’s ex-Japan Asia-Pacific shares index rose 0.3%, just shy of a three-month high hit last Thursday. Energy and cyclical stocks were the chief gainers. Short-covering helped, especially in China, where stocks fell more than 4% last week as traders took money off the table before Trump’s inauguration on Friday. European stock markets were broadly steady after a choppy start, banking shares under pressure as investors chewed over details of the impact of regulatory fines on Deutsche Bank. "You’ve seen the banks ease, everything has taken a breather after the stron...
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