Asian Shares Up, Oil Down as Syria Fallout Seen Limited

"Trump was able to enforce his chemical weapons red line without crossing the threshold for Russian retaliation," said analysts at JPMorgan in a note.

"Stocks were concerned about a prolonged and expanded U.S. campaign towards Assad and that doesn't look probable."

Safe-haven assets eased in response, with yields on U.S. 10-year Treasury debt <US10YT=RR> up two basis points at 2.84 percent.

The dollar inched up 0.2 percent on the yen to 107.53 yen <JPY=>, and away from last week's low around 106.62.

The euro was flat at $1.2330 <EUR=>, while the dollar index was a fraction firmer at 89.803.

In commodity markets, gold dipped 0.1 percent to $1,343.70 an ounce <XAU=>, and remained well short of last week's peak at $1,365.23.

Oil prices slipped with Brent crude futures <LCOc1> off 31 cents at $72.27 a barrel, while U.S. crude <CLc1> fell 26 cents to $67.13 a barrel.

Looking ahead, the U.S. earnings season kicks into high gear this week with Thomson Reuters data predicting profits at S&P 500 companies increased by 18.6 percent in the first quarter from a year ago, their biggest rise in seven years.

Yet with expectations so high, bank shares ran into profit-....

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