Futures for Japan’s Nikkei rose 0.03 per cent. Australian S&P/ASX 200 futures were down 0.06 per cent. US stock futures rose 0.12 per cent. — Reuters picTOKYO, May 10 — Stocks rose today amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a US pipeline operator unnerved markets.Futures for Japan’s Nikkei rose 0.03 per cent.
Oil futures extended gains after a cyber attack shut down a US pipeline operator that provides nearly half of the US east coast’s fuel supply. “A softer payrolls is good for the reflation trade; the dollar weakened across the FX spectrum. We’ve also seen a solid bid in equity indices and futures are up.”
The dollar index, which tracks the greenback against a basket of six currencies edged 0.09 per cent lower to 90.15.The yield on benchmark 10-year Treasury notes steadied at 1.5824 per cent in Asia today after having plunged to a two-month low of 1.4690 per cent on Friday.
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