The Nikkei had dipped on Friday after Prime Minister Shinzo Abe’s resignation stirred doubts about future fiscal and monetary stimulus policies.
The U.S. ISM manufacturing survey is also expected to show a continued pick up in activity in August, while August payrolls on Friday are forecast to rise 1.4 million with the unemployment rate dipping to a still painfully-high 9.8%. The risk of higher inflation in the future, assuming the Fed can get it there, was enough to push up longer-term Treasury yields and sharply steepen the yield curve.
Crivvens, looks like China will be the biggest superpower soon, guess the virus worked then
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Asian stocks reach 29-month top, China services surprisingly strongAsian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there. Les actions asiatiques ont atteint leur plus haut niveau en deux ans, Nikkei rebondit alors que Berkshire achète Bourse
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