An unexpectedly weak US inflation reading bolstered most shares on speculation the Fed can hold as the economy finds its footing.
The Australian dollar was down 0.35 percent at $0.7068, hit by sharp declines in domestic bond yields and a largely lacklustre batch economic data from Australia's major trading partner China.
Shanghai's SSE Composite index stumbled 1.2 percent while the blue-chip CSI 300 eased 0.4 percent. Immediate resistance can be seen at 1.1314 (21 DMA), an upside break can trigger rise towards 1.1366 (50 DMA).On the downside, immediate support is seen at 1.1254 (5 DMA), a break below could take the pair towards 1.1175 (March 7th low).
The pound rose on expectations lawmakers would reject a no-deal Brexit and gained further after the motion in Parliament paved the way for a new vote to delay departure from the EU.
The U.K. House of Commons votes Tuesday on May's revised Brexit deal, just weeks before Britain is scheduled to leave the EU. If such a "no-deal" exit plan is rejected, another vote will be held on Thursday on whether to extend the March 29 departure date. The pound rose on hopes of a delayed Brexit, a move which investors said could increase May's chances of getting her deal with the European Union through parliament or lead to Brexit being called off altogether if a second referendum is held. The currency was headed for its biggest daily gain against the dollar in 2019.
Emerging-market stocks declined for the first time in three days.More news: Gambino crime family boss fatally shot at Staten Island home
USA crude stocks fell last week as refineries hiked output, the Energy Information Administration said.
TOKYO, March 13 (Reuters) - The pound edged up on Wednesday after turbulence following the defeat of British Prime Minister Theresa May's European Union exit deal, but investors braced for more volatility ahead of additional Brexit proceedings.
Alongside Brexit developments, investors have a slew of economic data to digest this week. Tepid inflation and disappointing producer price data this week support the Fed's stance of keeping interest rates on hold, denting the dollar.
The dollar was 0.35 percent higher at 111.53 yen after losing 0.2 percent the previous day.
USA stocks advanced broadly, with Boeing gaining for the first time since Sunday's crash of a 737 MAX 8 jet in Ethiopia, while European shares rose on expectations British lawmakers will vote to reject a disorderly no-deal exit for Britain from the European Union.
Sterling was down 0.65 percent at $1.3254 after climbing to $1.3380 the previous day, its strongest since June 2018.More news: Luke Perry's Cause of Death Confirmed | Luke Perry
US stocks rose on Wednesday, led by gains in healthcare shares, and Boeing shares edged upward even as the United States grounded the company's 737 MAX jets after a fatal crash in Ethiopia. It shed 0.4 percent overnight, at one point brushing a nine-day trough of 96.385.
"I expect equity markets to remain volatile and to tread water, and there is still too much risk in risk assets, and ultimately I think bond yields will head lower but this is a process that unfolds, it's not a sudden event", Suzanne Hutchins, a senior portfolio manager at Newton Investment Management in London, said in an interview at Bloomberg's NY headquarters.
Benchmark 10-year U.S. Treasury notes fell 3/32 in price to yield 2.6141 percent.
USA 30-year bond yields were up at 3.011 percent from 2.99 percent on Tuesday.But yields on both 10-year notes and 30-year bonds have fallen in six of the last eight sessions. A late night vote in Parliament ruled out a potentially disorderly "no-deal" Brexit under any circumstances.
A trader shows US dollar notes at a currency exchange booth in Peshawar, Pakistan December 3, 2018. West Texas oil climbed above $57 a barrel after an industry report showed an unexpected drop in U.S. fuel supplies.
Oil prices extended overnight gains with USA crude up 15 cents per barrel at $58.41 and Brent adding 22 cents to $67.77.More news: Hashim Amla granted leave, Reeza Hendricks recalled
West Texas Intermediate crude increased 0.1 percent to $58.30 a barrel, the highest in four months.