HONG KONG — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even asIn Tokyo, the Nikkei 225 index rose 0.7% to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday.
The weak business-activity report dragged down yields in Europe, which at first pressured Treasury yields. But U.S. yields recovered much of those losses after another report said later in the morning that U.S. business activity may be stronger than thought. The Federal Reserve is in a precarious spot, where it’s trying to slow the economy through high interest rates by just enough to get highat the exact right time. If it waits too long, the economy’s slowdown could careen into a recession. If it’s too early, inflation could reaccelerate.
-- Asian equities fell as traders geared up for a week of political risks and inflation data which may help guide bets on the outlook for global interest rates.
The S&P 500 will hit 8,000 by the end of the decade as the bull market continues through the 'roaring 20s,' market vet says
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