On Monday Asian indices up on deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.2%.
Australian financial markets were shut for their 'Australia Day' holiday. As of witting South Korea's KOSPI edged up 0.21%, New Zealand DJ were up 0.14%, while Japan's Nikkei bucked the trends and eased 0.20%. China A50 nicely trading up by 1.41%.
Facing mounting pressure, U.S. President Donald Trump agreed on Friday to temporarily end a 35-day-old partial U.S. government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall. In response Wall Street rallied broadly on Friday as investors were heartened to see the back of the longest U.S. government shutdown in history.The shutdown had left investors anxious and frustrated as it came at a time of heightened worries over slowing global growth, signs of stress in corporate earnings and a still unresolved Sino-U.S. trade war.
Britain is set to leave the European Union on March 29, but the country’s members of parliament remain far from agreeing a divorce deal. That has kept markets, worried about the possibility of a disorderly Brexit, on edge for much of the last several weeks.
The benchmark 10-year Treasury yield was little changed at 2.753% after popping up 4 basis points on Friday in the wake of surging U.S. shares.
U.S. crude oil futures were down 0.26% at $53.54 per barrel, losing some momentum after two sessions of gains.
Oil prices rose towards the end of last week as political turmoil in Venezuela threatened to tighten crude supply, with the United States signaling it may impose sanctions on exports from the South American nation.
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