Asian shares advance as USA bond yields push dollar higher

Asian shares advance as US bond yields push dollar higher

The yield on 10-year U.S. Treasuries hit its highest since January 2014, lifting the dollar index to a seven-week peak and making dollar-priced gold costlier holders of other currencies. European stocks edged lower after a broad retreat for equities across Asia. The pound joined major currencies retreating against the greenback, as UK Prime Minister Theresa May battled to avert a cabinet revolt over Brexit. U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies.

Bond yields in the eurozone and United Kingdom were also higher on Monday but 10-year gilt and Bund benchmarks remain below their peaks for the year.

Italy's 10-year government bond yield spread over Germany is close to its tightest level since August 2016 at 116 basis points, despite the political uncertainty in that country following the March general election.

French President Emmanuel Macron continues a three-day visit to the U.S.

"We think the euro's weakness may be overdone as despite the U.S. Treasury yield spike theme reverberating in the markets over the last 24 hours, the U.S. economy is very much in the late stages of its economic cycle and a cautious ECB meeting is baked into markets", said Christin Tuxen, an FX strategist at Danske Bank in Copenhagen.

Earnings season continues. Among those reporting: Amazon.com, Samsung and Credit Suisse. Investors will watch for any sign that officials are preparing a shift in stimulus plans for their June meeting. The MSCI Asia Pacific Index dipped 0.6% to the lowest in more than two weeks.

Japan's benchmark Nikkei 225 gained 0.7 percent in morning trading to 22,236.53, helped by the weaker yen.

Japan's Topix index added 0.9 percent as of 2 p.m.in Tokyo.

Brexit survey was held on Falmouth Packet website
Among Leave voters, 36 per cent said customs controls would be acceptable, with 49 per cent saying they would not be acceptable. A new Brexit survey shows 54% of visitors to thepacket.co.uk believe Britain will be better off economically inside Europe .

YETI Coolers Drops NRA Foundation Following Recent Anti-Gun Protests
Delta faced a storm of criticism from NRA supporters after axing its NRA discount, of which only 13 fliers ever took advantage. Yeti says that it didn't single out the NRA or refuse to continue business with its foundation.

Anthony Mackie feared Avengers: Infinity War would be 'awful'
Here's another poster for Avengers: Infinity War featuring a bunch of superheroes and the deadly Thanos . It's probably safe to assume we'll get at least a few Captain America fight scenes in Infinity War .

The Bloomberg Dollar Spot Index gained 0.5%, reaching the highest in nearly 14 weeks on its fifth straight advance.

The euro too fell half a percent to around $1.2232 EUR= .

Investors once again focused on corporate deals Monday as utility company Vectren agreed to be bought by CenterPoint Energy for $6 billion, while the CEO of Sears called for the company to sell more assets and health care products company Henry Schein said it will split off its animal health unit.

The dollar set a two-month high of 108.87 yen JPY=EBS and was holding near those levels.

On Wednesday, the yield on 10-year USA borrowing costs were at 2.975 percent and with oil prices climbing above $75 a barrel for the first time since late 2014, a rise to 3 percent can not be ruled out.

Including Monday's move, the USA 10-year yield surged almost 16 basis points in four trading sessions, the biggest four-day rise since late June last year. Britain's 10-year yield increased four basis points to 1.524%, the highest in more than a month.

Brent crude oil prices, the global benchmark, rose above $75 a barrel to their highest level since November 2014, supported by OPEC-led production cuts, strong demand and the prospect of renewed USA sanctions on Iran. Looking at gold today, the precious metal is enjoying a small rebound as US Treasury yields fall and the dollar trades sideways.

Related News:

  • Allardyce Defends Style Of Play As Everton Edges Newcastle

    Allardyce Defends Style Of Play As Everton Edges Newcastle

    You can knock some of the passing that goes astray buy you can't knock me for that, I don't pass the ball. We dominated the game, out-passed the opposition.
    White House Punts France's Demand for Tariff Exemption

    White House Punts France's Demand for Tariff Exemption

    The television newsman added that "there's not many preconditions the United States is asking for". South Korea has said that the North has expressed interest in doing away with its nuclear weapons.
    Appeals court rejects monkey selfie copyright suit

    Appeals court rejects monkey selfie copyright suit

    British photographer David Slater published Naruto's photos in a 2014 book, setting off a ridiculous debate over animals rights. The court ordered PETA to pay Slater's legal fees, for both the appeal and the original trial in district court.
  • Benedict Cumberbatch: Sachin Tendulkar could play Doctor Strange

    Benedict Cumberbatch: Sachin Tendulkar could play Doctor Strange

    Cumberbatch then gave his own pitch for how it could happen. "So kinda needed to know what goes on in-between those brackets". Cumberbatch was then quizzed about whether or not this movie could mark the end of his character Doctor Strange .
    Some students stay behind during National Walkout Day

    Some students stay behind during National Walkout Day

    Hundreds of people, including students and gun control supporters, gathered in downtown Richmond on Friday to rally against gun violence.
    Police arrest suspect in China arson attack that killed 18

    Police arrest suspect in China arson attack that killed 18

    According to the official weibo account of police in Qingyuan, the blaze started just after midnight in a three storey building. The bureau has offered a reward of 200,000 yuan (32,000 USA dollars) for information leading to the arrest of Liu.
  • Huawei P20 Pro, P20 Lite with FullView Displays Launched in India

    Huawei P20 Pro, P20 Lite with FullView Displays Launched in India

    These, as well as the fingerprint sensor at the back, are rather easy to reach even when using the phone with one hand. Huawei's P20 and P20 Lite smartphones will be exclusive to Amazon India and will be going on sale starting May 3.
    Windrush generation to get United Kingdom  citizenship papers free

    Windrush generation to get United Kingdom citizenship papers free

    Party leader Jeremy Corbyn joined in calls for Ms Rudd to quit if she did not get an immediate grip on the situation. Labour said the "buck stopped" with Ms Rudd for a crisis which had brought "shame" on the government.
    Dallas Cowboys: Wide receiver review before 2018 NFL Draft

    Dallas Cowboys: Wide receiver review before 2018 NFL Draft

    That means it will be hard for Washington to miss when making its first-round draft selection this year. The following is my guess as to how the first round will play out Thursday night.
  • Dutt biopic: Ranbir Kapoor's new still revealed

    Dutt biopic: Ranbir Kapoor's new still revealed

    Manisha and Sanjay Dutt have also romanced on screen in movies like Kartoos, Khauff and Yalgaar among others. The lovely actress will portray the role of Sanjay Dutt's wife, Maanayata, in the biographical drama.
    Xbox One May 2018 Update Adds Game Groups

    Xbox One May 2018 Update Adds Game Groups

    However for those with compatible displays, then we guess this is an update that you will definitely be looking forward to. Here, players can create multiple collections that include anything from the My games & apps section of the dashboard.
    Guardiola plays down pitch invasion by fans

    Guardiola plays down pitch invasion by fans

    More displays like that of Silva against Swansea and those records will easily be caught. "The fans here were so happy". They added three in the second half and such was their total dominance, it could have been 10.


Most liked

Oil Hits Three-Year High on Risk to Iran Deal
President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets.

Facebook says you aren't the product, social media is
Kogan is expected to be questioned on Tuesday by the Digital, Culture, Media and Sport (DCMS) Committee's inquiry into fake news. Despite the recent Facebook controversy on privacy and data harvesting, many NYU students continue to use Facebook .

Sachin Diwas: Twitterati pour wishes to 'Master Blaster'
I called her and said "what are you doing at home?" Saqlain Mushtaq had a heartfelt message for Sachin on his birthday. Durin Tendulkar's farewell speech at the Wankhede, his home turf of decades, the Master Blaster was in years.

NASA scientist captures mysterious circular formations in the Arctic region
But on April 14, 2018, IceBridge mission scientist John Sonntag spotted something he had never seen before. As for the holes and circles themselves, though, Kurtz is also uncertain.

8.28 million videos removed by YouTube in final quarter of 2017
YouTube has disclosed that it has removed 8.3m videos from its platform in between October to December 2017. YouTube also stated that they do receive human flagged videos in addition to the algorithm marked videos.

Meet the Ladies of Veere Di Wedding on April 25th
Sonam's alleged ex-boyfriend Ranbir Kapoor has been invited as well apart from Deepika Padukone and Ranveer Singh. The groom's side of the family is flying down to Mumbai from the US, London and Delhi for the wedding functions.

Russia Calls on United Nations for Greater Presence in Syria
Israel's first two F-35 stealth fighter jets on their maiden flight as part of the Israeli Air Force on December 13, 2016. President Donald Trump's demand to "fix" what he sees as flaws in the deal, the senior State Department official said.

Defense Team Rests Case In Cosby Sexual Assault Retrial
District Attorney Kevin Steele noted that the records do not account for other ways Cosby could have gotten to Philadelphia . Cosby is on trial for the alleged drugging and sexual assault of numerous women throughout his career as an entertainer.

Kevin Durant Likes Instagram Comment Saying Russell Westbrook Was OKC's Problem
To be fair to Durant, the Warriors are probably so bored with the Spurs that he has time to scroll through Instagram. In a second tweet, Durant wrote, "imagine taking (Westbrook) off that team, see how bad they were".

OnePlus 6 will feature glass back design
The upcoming phone will also come with their hallmark DashCharger which is one of the best fast charging technology so far. Further to the discussion on design, the post turns to the OnePlus 6, which Mr Lau says will utilise a glass rear panel.

Macaulay Culkin just wants to be home alone at Christmas
Culkin also opens up about his longtime break from the spotlight, revealing he went to high school like a normal teenager. The former child did 14 movies in about six years , reported People . "I was away from home a lot".

Assassinated Forest Defender Olivia Arévalo Lomas Laid to Rest
Jimenez added that officials are looking into other theories as well, such as murder by another foreigner over unpaid debt. Olivia Arevalo Lomas's body was found with two gunshot wounds last week in the Ucayali region of the Amazon rainforest.

Gov. Cuomo drafts bill to ban plastic grocery bags
At the time, Cuomo cited the regressiveness of the tax, though embarrassing Mayor Bill de Blasio may have been reason enough for him to nix the plan.

Death toll in Toronto truck collision rises to 10
Police said the van mounted the curb, striking several pedestrians, before fleeing the scene, according to City News . Alek Minassian was driving a Ryder rental truck and saw people "strewn all over the road" where the incident occurred.

Jazz push Thunder to brink of elimination
With all that was on the line Saturday night, it wasn't too surprising that the Monday's Game 4 would get a little chippy. Russell Westbrook and Co. need a Game 4 victory or the Thunder could be planning their summer vacations pretty soon.