[ad_1]
Asian equities advanced on Monday after Wall Street resumed after an agreement was announced on the US government's reopening following a prolonged shutdown that had shattered investor sentiment.
The largest MSCI index of Asia-Pacific equities outside Japan <.miapj0000pus> climbed 0.2 percent.
KOSPI from South Korea <.ks11> up 0.2%, New Zealand equities <.nz50> were a touch, while Nikkei from Japan <.n225> resisted trends and eased by 0.2 percent. Australian financial markets closed for Australia holidays. Faced with growing pressure, US President Donald Trump agreed Friday to temporarily end a 35-day partial closure of the US government without getting $ 5.7 billion that he had asked Congress for a wall border.
In response, Wall Street largely rallied Friday as investors were encouraged to see the return of the longest closure of the US government in history.
The shutdown had left investors anxious and frustrated, as worries over slowing global growth, signs of tight corporate earnings and an unresolved Sino-US trade war worried.
"The rise in broadly defined stock markets seems to continue. The reopening of the US government is definitely an badet for the market sentiment, "said Soichiro Monji, senior economist at Daiwa SB Investments.
"There are still potential risk factors, such as the row of trade between the United States and China and Brexit.," he said.
In the currency market, the pound sterling remained high, hovering around a three-month high at $ 1.3218 on Friday, buoyed by optimism that Britain could avoid a Brexit without agreement .
Britain is about to leave the EU on March 29, but members of the country's parliament are still far from accepting a divorce agreement. This has kept the markets, worried about the possibility of a messy Brexit, at home for a good part of the last few weeks.
The euro was also at the forefront in the face of the weakening of the dollar.
The single currency was up 0.05% to 1.1412 USD after gaining 0.9% on Friday, easing losses earlier last week following dovish commentary from the Bank's president. European Central, Mario Draghi.
The dollar was slightly lower at 109.48 yen after slight losses at the end of last week.
The 10-year Treasury benchmark rate was little changed at 2.774% after climbing 4 basis points on Friday as US stocks rose.
US crude oil futures dropped 0.55% to $ 53.39 per barrel, losing momentum after two gains.
Oil prices rose towards the end of last week as political unrest in Venezuela threatened to tighten the supply of crude oil. The United States then announced that it could impose sanctions on the South American nation's exports.
Source link
