* Oil rallies 1.2% * FTSE up more than 1%, S&P futures down 0.4% * Nikkei rises 0.84%, Chinese stocks up 0.7% * Payrolls seen slowing this week, Fed minutes seen hawkish. By Carolyn Cohn. World stocks rose in holiday-thinned trade on Monday, helped by a bounce in oil as concerns over tight supply outweighed recession fears.
The Canadian dollar strengthened
against its U.S. counterpart on Monday as oil prices rose and
investors awaited business and consumer surveys by the Bank of
Canada that could offer clues on the ...
* Oil recovers after losing $1 a barrel in early trade. * Nikkei rises 0.84%, Chinese stocks up 0.7% * FTSE up more than 1%, S&P futures down 0.3% * Payrolls seen slowing this week, Fed minutes seen hawkish. By Carolyn Cohn. World stocks rose on Monday in trade thinned by a U.S. holiday, benefiting from a recovery in oil prices as concerns about tight supply helped to balance recession fears.
Euro zone yields rose on Monday after falling sharply last week, with investors uncertain about inflation developments and the European Central Bank's monetary tightening path. Investors feared recession over inflation while rushing into safe-haven assets and scaling back expectations about future ECB rate hikes last week.
* Oil steady after losing $1 a barrel in early trade. * Nikkei rises 0.84%, Chinese stocks up 0.7% * FTSE up more than 1%, S&P futures down 0.7% * Payrolls seen slowing this week, Fed minutes seen hawkish. By Carolyn Cohn and Wayne Cole. A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a U.S. holiday.
Euro zone government bond yields rose on Monday as investors took a break from their rush late last week into safe-haven assets amid recession fears. Analysts continued to fear recession over inflation while scaling back their expectations about future European Central Bank interest rate rises.
Japanese government bond yields eased on Monday, after U.S. Treasury yields dropped their most since March 2020 at the end of last week on expectations that the Federal Reserve will further hike interest rates to tackle soaring inflation. The Japanese government is expected to auction about 2.7 trillion yen worth of 10-year JGBs on Tuesday.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Nikkei edges up 0.6%, but S&P 500 futures slip. * Bonds extend rally amid recession chatter. * Payrolls seen slowing, Fed minutes to sound hawkish. By Wayne Cole.
Gold edged lower in choppy trade on
Monday, pressured by a stronger U.S. dollar, but weakness in
Treasury yields helped keep prices above $1,800.
Spot gold was down 0.2% at $1,807.48 per ...
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Nikkei edges up 0.6%, but S&P 500 futures slip. * Bonds extend rally amid recession chatter. * Payrolls seen slowing, Fed minutes to sound hawkish. By Wayne Cole.
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