Asian stock markets opened with cautious sentiment by investors following U.S. earnings and Chinese economic data expected to impact coronavirus blockade activity.
The MSCI broad index of Asia-Pacific stocks outside Japan changed while Japan’s Nikkei jumped 0.8% after posting a 1.2% loss last week.
The S&P 500 futures were flat while the Nasdaq Composite futures were down 0.1%.
Yields on 10 -year treasury bonds rose to an annual high of 1.8% while futures yields were up 1.83% on Monday.
Meanwhile, Chinese economic data released on Monday is expected to show retail sales and industrial production data slowing in December while the economy is expected to grow 1.1% in the 4th quarter despite the annual rate seen to slow to 3.6% from 4.9%.
In addition, the Bank of Japan (BOJ) policy meeting this week will review the growth and inflation outlook.
As a result, the Yen rose while the dollar declined 1.2% at 114.29 but was still above the support chart at 112.52.
The euro rose 0.5% at US $ 1.1408 and the dollar index strengthened at 95.231 after hitting a 10 -week high of 94.626 on Friday.
Next, the Federal Reserve (Fed) rate jumped 2.5% while the market set the price at a peak of around 1.75% to 2%.
Oil prices rose for 4 weeks in a row and demand for physical barrels of oil changed hands at almost a record high premium.
Brent oil prices added 51 cents to US $ 86.57 a barrel while US crude oil prices strengthened 75 cents at US $ 84.57.
