After U.S. occupation information showed a tight work market, supporting assumptions that the Central Bank will indeed raise loan costs at its gathering one month from now, Asian offers acquired a tad, and the dollar began the week solid.
MSCI’s broadest index of Asia-Pacific shares outside Japan (. MIAPJ0000PUS) gained 0.12 percent, while Japan’s Nikkei (. N225) gained 0.5%. Australia, Hong Kong, and Europe markets will be closed for Easter.
Asian Share Aftermath
With Nasdaq 100 e-minis down 0.25% and S&P 500 e-mini futures down 0.02%, the rate-sensitive Nasdaq was set for a lower opening.
China shares fell on Monday, with the blue-chip CSI300 Index (. CSI300) falling 0.32 percent and the Shanghai Composite Index (.SSEC) falling 0.16 percent, respectively, in response to rising geopolitical tensions surrounding the Taiwan Strait
China announced three days of drills on Saturday after Taiwan’s President Tsai Ing-wen returned to Taipei following a meeting in Los Angeles with Speaker of the U.S. House of Representatives Kevin McCarthy.
In the foreign exchange market, the dollar index, which measures the U.S. currency against six major peers, increased by 0.225 percent to 102.25. It improved from the index’s two-month low of 101.40 the week before.
The euro was down 0.06 percent to $1.0891, and the sterling was last at $1.24, down 0.10 percent on the day. Spot gold fell 0.8% to $1,992.35 an ounce. U.S. gold futures fell 0.95% to $1,992.80 an ounce. U.S. crude fell 0.09 percent to $80.63 per barrel, while Brent was at $85.00, down 0.14 percent on the day.
After closing at 3.993% on Friday’s brief trading, the two-year U.S. Treasury yield, which typically matches expectations for interest rates, decreased to 3.951%. Ten-year Treasury notes had a yield of 3.372%.