Asian Shares End Tough November on Firmer Ground Helped by Fed Cut Bets

ASIAN MARKET - SYDNEY. Asian shares are set to end a tough November on steadier ground as revived hopes of an imminent U.S. rate cut helped soothe valuation jitters and sent Treasuries rallying for a fourth straight month.

U.S. markets, which were closed overnight for the Thanksgiving holiday, are due for a shortened session on Friday, so activity is more muted than usual across the major asset classes. European stocks traded mostly higher, while currencies were much more sedate.