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MSCI<\/strong>‘s broadest index of Asia-Pacific stocks outside of Japan opened with a 0.2% gain this morning, after rebounding 1.7% last week. Japan’s Nikkei<\/strong> rose 1%, following a survey of major manufacturers that showed sentiment was the best since late 2018.<\/p>\n <\/p>\n On the Federal Reserve<\/strong> side, it is expected to signal a faster tapering of asset purchases this week, and thus an earlier start to rate hikes. However, the market is already well underway, with a hike to 0.25% and rates at 0.75% by the end of the year.<\/p>\n <\/p>\n The Treasury market, meanwhile, has taken the risk of earlier Fed<\/strong> hikes in stride, perhaps in the belief that this will result in lower long-term inflation and a lower peak for the Treasury rate. Yields on 10-year bonds rose 12 points last week, but at 1.49%, they remain well below the year’s high of 1.776%.<\/p>\n <\/p>\n “The outlook for global monetary policy in transition in several geographies at varying speeds is a recipe for volatility, and one could argue that the increased risks around the virus are as well<\/em>,” comments John Briggs<\/strong>, global head of desktop strategy at NatWest Markets.<\/p>\n <\/p>\n Also on Monday, the dollar<\/strong> index remains steady at 96.069, having held between 95.848 and 96.594 over the past week.<\/p>\n <\/p>\n The dollar was a bit firmer on the yen<\/strong> at 113.52 but faced resistance at 113.95, while the euro<\/strong> was steady at $1.1313 after spending the past two weeks in a tight range between $1.1226 and $1.1382.<\/p>\n <\/p>\n In commodity markets, gold<\/strong> was at $1,783 an ounce after getting some fleeting support from the high U.S. inflation reading.<\/p>\n <\/p>\n Oil<\/strong> prices meanwhile extended their rebound, after breaking a six-week losing streak with gains of around 8% last week.<\/p>\n <\/p>\n <\/p>\n Read also > STOCK MARKET : A DIFFICULT WEEKEND FOR BITCOIN<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Getty Images[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n MSCI<\/strong>‘s broadest index of Asia-Pacific stocks outside of Japan opened with a 0.2% gain this morning, after rebounding 1.7% last week. Japan’s Nikkei<\/strong> rose 1%, following a survey of major manufacturers that showed sentiment was the best since late 2018.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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The Asian market is up big on Monday, with oil and gold also reporting a prolific weekend.<\/h4>\n