Asian shares rose
on Monday, taking their cue from gains on Wall Street after strong U.S.
job data, though the mood was cautious as oil prices plunged to 3
1/2-month lows on fresh worries of oversupply.
A
confluence of major events this week including an expected interest
rate hike by the U.S. Federal Reserve, a potentially divisive election
in the Netherlands and a Group of 20 (G20) finance ministers' meeting
kept many investors on edge.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.9 percent, while Japan's Nikkei .N225 edged 0.2 percent higher, led by gains in defensive shares.
European shares are expected to open down slightly, with spread-betters looking at falls of 0.1 percent in Germany's DAX .GDAXI and EuroStoxx50 .STOXX50.
Global stocks rose on Friday, with the MSCI's index of 46 markets .MIWD00000PUS gaining 0.5 percent, snapping six straight days of losses after the robust U.S. jobs report.
Solid February U.S. jobs data also made it all but certain that the Federal Reserve will raise rates on Wednesday.
U.S. interest rate futures <0#FF:> are pricing in about a 50 percent chance of another rate hike in June. By the end of 2017, a total of nearly three hikes were fully priced in, including the likely move this week.
The 10-year U.S. Treasuries yield US10YT=RR slipped a tad on Friday, partly as markets had already expected robust payroll figures.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.9 percent, while Japan's Nikkei .N225 edged 0.2 percent higher, led by gains in defensive shares.
European shares are expected to open down slightly, with spread-betters looking at falls of 0.1 percent in Germany's DAX .GDAXI and EuroStoxx50 .STOXX50.
Global stocks rose on Friday, with the MSCI's index of 46 markets .MIWD00000PUS gaining 0.5 percent, snapping six straight days of losses after the robust U.S. jobs report.
Solid February U.S. jobs data also made it all but certain that the Federal Reserve will raise rates on Wednesday.
U.S. interest rate futures <0#FF:> are pricing in about a 50 percent chance of another rate hike in June. By the end of 2017, a total of nearly three hikes were fully priced in, including the likely move this week.
The 10-year U.S. Treasuries yield US10YT=RR slipped a tad on Friday, partly as markets had already expected robust payroll figures.
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