Asian stock markets started the trading session with gains as investors continued to monitor the risks of inflation and recession.
During the morning session, Japan’s Nikkei 225 approached the 1% level while Topix climbed 0.94%.
South Korean Kospi reached 0.91% and Kosdaq peaked 1.28% while MSCI’s broader index of Asia Pacific stocks grew 0.28%.
Turning to Wall Street saw the Dow Jones Industrial, S&P 500 and Nasdaq 100 futures fall 0.3% from last weekend's profit rally session.
Meanwhile, the United States (US) bond market saw a 10 -year rate remain at 3.138%.
Investors are seen taking advantage of opportunities while the situation remains 'calm' while monitoring the situation as well as the risk of inflation and recessionary expectations caused by rising interest rates by central banks around the world.
It’s worth noting that this week the market’s focus will be glued to some important data in the US and Asia, including manufacturing purchasing management index (PMI) data in Uncle Sam’s country as well as China and Japan.
Currency trends saw the dollar index stand at 103.980 against a number of other currencies with the Japanese Yen trading at 135.09.
Oil futures in Asian markets declined with US crude falling 1.25% at $ 106.27 and international benchmark Brent crude down 1.1% at $ 111.88.
