Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week.
- Japan’s Nikkei (N225) up 0.59 percent.
- MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.6 percent.
- Shanghai blue chips (CSI300) climbed 1.6 percent.
- E-Mini futures for the S&P 500 (ESc1) dithered either side of flat.
- The blue-chip CSI 300 eased 0.4 percent.
- Against a basket of currencies, the dollar was pinned at 96.498 (DXY) having shed 0.7 percent last week.
- The decline in Treasury yields has dragged on the dollar, leaving it at 111.53 yen from a top of 111.89 on Friday.
- The euro was holding at $1.1333 (EUR=), well up from the recent trough of $1.1174.
- Sterling was steady at $1.3289 as markets await some clarity on where the Brexit drama was heading.
- Spod gold eased slightly to $1,298.81 per ounce.
- U.S. crude (CLc1) was last down 26 cents at $58.26 a barrel
- Brent crude (LCOc1) futures lost 16 cents to $67.00.