Asia stocks gain as China rates tweak lifts investor mood

Wall Street shares had rebounded on Friday after a report that Germany’s coalition government was prepared to set aside its balanced budget rule in order to take on new debt and launch stimulus steps to counter a possible recession., a gauge of risk sentiment due to its perceived status as a safe haven, weakened for its third successive session.

“As for steps by China, it needs to be understood that the latest measures are geared toward markets which are already regulated extensively. But China’s latest move should nevertheless provide the market with relief.” Falling yields last week caused the two-year/10-year Treasury curve to invert for the first since 2007, a phenomenon widely regarded as a recession signal that puts the Federal Reserve interest rate deliberations into focus.

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