Risk appetite in global markets increased with the end of epidemic measures in Beijing, the capital of China.
Asian indices started the week with a rise, as the Covid-19 measures in Beijing, the capital of China, were significantly relaxed as of June 6. Japan’s Nikkei 225 was up 0.70 percent, Hong Kong Hang Seng was up 1.09 percent, and the Chinese CSI 300 was up 1.53 percent. Tech stocks lead the rise in Hong Kong.
The Reserve Bank of Australia is expected to raise interest rates. S&P 500 and Nasdaq 100 indices, which fell more than 1 percent last week, are up in futures this morning.
The Bloomberg Dollar Index, which rose 0.37 percent after the strong employment data announced on Friday, is flat, while the US 10-year bond yield is above 2.94%.
Oil prices accelerated after Saudi Arabia increased the price of oil sold to Asia above expectations. The barrel price of US crude oil hovered near the $120 level after reaching a 3-month high for a while.
