Asian shares edged up on Monday on optimism about global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped US bond yields and raised questions about the Federal Reserve's plans to tighten policy.
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4 percent while Japan's Nikkei rose 0.1 percent. Trading was slow with many markets in the region closed for holidays to celebrate the end of Ramadan.
The prospect of solid global economic growth has kept alive investors' optimism over world equities even as some markets, including Wall Street, have slowed down from a frenetic run due to high valuations.
Share prices have also been supported by relatively loose monetary policies in the developed world, with the Bank of Japan and the European Central Bank still pumping in funds.
Money market futures price in only about 50 percent chance of another rate hike by the end of the year, compared to Fed's own projection of one more rate increase.
The 10-year U.S. Treasuries yield stood at 2.152 percent, not far from seven-month low of 2.103 percent hit in mid-June after data showed inflation undershot expectations for a third month in a row.
The 30-year yield hit 7-1/2-month low of 2.710 percent on Friday, making the yield curve the flattest in almost a decade. It last stood at 2.722 percent.
Get real time advice for Stock Trading tips , Best Accurate Stock Tips , Stock Market Live , Equity Tips and all Maket Updates From Capitalstars .
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
0 comments:
Post a Comment