SYDNEY: Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week.
Japan's Nikkei led the way with a rise of 0.7 per cent, and MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent.
E-Mini futures for the S&P 500 were just a fraction lower. The S&P 500 boasted its best weekly gain since the end of November last week, while th ..
"Markets are pricing in little or no chance of a rate hike by the major central banks this year, outside of the Bank of England. The Fed is indicating that it will be patient and we don't expect any rate hikes this year."
Data on Friday showed US manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
Japan's Nikkei led the way with a rise of 0.7 per cent, and MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent.
E-Mini futures for the S&P 500 were just a fraction lower. The S&P 500 boasted its best weekly gain since the end of November last week, while th ..
"Markets are pricing in little or no chance of a rate hike by the major central banks this year, outside of the Bank of England. The Fed is indicating that it will be patient and we don't expect any rate hikes this year."
Data on Friday showed US manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
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