will soon peak and come down later this year, even if latest U.S. jobs data supported the case for a May hike from the Federal Reserve.
South Korea’s central bank held rates steady for a second consecutive meeting on Tuesday, while the Bank of Canada is expected to leave rates unchanged when it meets on Wednesday. “It seems that we are currently in an environment that the world is looking at a soft landing and the need not to over tighten policy,” said Nordea chief analyst Jan von Gerich.
Bitcoin touched a fresh 10-month high at $30,438 before pulling back to $30,148, after breaking free of recent ranges on Monday. The digital token had been stuck between about $26,500 and $29,400 for the previous three weeks.In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.57%, while MSCI’s world stock index was up 0.3%.
The 10-year JGB yield fell to as low as 0.445%, its lowest since April 4, after hovering at 0.465% in the previous session.