HONG KONG (Reuters) – Asian shares were on edge on Monday morning ahead of the release of Chinese economic data for the third quarter, as investors fret about the health of the world’s second-largest economy even as U.S companies report strong quarterly earnings.
Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage, with U.S. crude at a fresh seven-year high and Brent at a three-year high.
Meanwhile, bitcoin was within sight of its all-time high, sitting at $62,500 and not far from April’s record of $64,895, having gained last week on hopes that U.S. regulators would allow a futures-based exchange-traded fund (ETF).
