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Savoring Success with Taste Nova Scotia Culinary Ambassador Amy Savoury | SaltWireSYDNEY - Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that will be tested by a swarm of central bank speakers this week.
"By encouraging disinflation, strong productivity and labour supply gains might allow for job growth and low inflation to coexist," he added."This, in turn, would open the path for early Fed easing." Central bankers have their own chance to weigh in on this dovish outlook with at least nine Fed members speaking this week, including Chair Jerome Powell. Also on the docket are speakers from the Bank of Japan, BoE and ECB.
Japan's Nikkei rose 1.8%, after jumping 3.1% last week. S&P 500 futures and Nasdaq futures were both flat.Two-year Treasury yields paused at 4.86%, after falling 17 basis points last week. Yields on 10-year notes stood at 4.59%, some way from October's painful peak of 5.021%. The retreat in Treasury yields pulled the rug out from under the dollar, which was pinned at 105.110 having slid 1.3% last week to the lowest since late September.
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