Asian stocks recover on easing bond market

142428

Asian share markets performed positively on Monday, recording some gains as bond markets eased from a wild upswing seen last week. Meanwhile, investors had found enthusiasm as a massive stimulus package in the United States fuelled rebound-driven economic hopes.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.1% increase. The rebound came after the index plunged 3.7% last Friday. Japan’s Nikkei traded 2.0% higher, while futures for the Nasdaq and S&P 500 jumped 0.8% and 0.7% respectively.

Yields on the benchmark U.S. 10-year Treasury notes stepped down to 1.40%, easing from last week’s peak of 1.61%. While there was a decline, they still recorded an increase of 11 basis points last week and 50 basis points so far this year.

Investors’ risk appetite could partly be attributed to Johnson & Johnson’s approved coronavirus vaccine, with deliveries expected to start on Tuesday.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: