Reuters

U.S. President Donald Trump vowed on Monday to push for a free and balanced trade partnership with Japan after decades of “massive trade deficits” but said relations with close ally Tokyo were “better than we have ever had.”

Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges.

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown.

Britain’s economy will grow more slowly in the short term if the country fails to secure a future trading deal with the European Union after Brexit, Bank of England Governor Mark Carney said on Sunday.

The dollar rose broadly on Friday after the release of U.S. factory orders and services sector data that beat estimates, reversing an earlier slide after an underwhelming October jobs report.

The Canadian economy added more jobs than expected in October as wages posted their biggest gain in 18 months, a sign that labor market slack could be tightening despite strong employment growth over the last year.

U.S. job growth accelerated in October after hurricane-related disruptions hurt employment in September, but there were signs that labor market momentum was slowing as annual wage gains sharply retreated.

British shares hovered near new highs on Friday, supported by a rally in global stocks and renewed pressure on sterling after the Bank of England’s interest rate hike helped the country’s leading exporters.

If the Bank of England’s first interest rate rise in over a decade was aimed in part at shoring up sterling and its impact on above-target UK inflation, then it has backfired already.

Asian shares took a breather on Friday as investors gave a guarded greeting to Republican plans for massive U.S. tax cuts, while welcoming the appointment of a sober centrist at the helm of the world’s most powerful central bank.