The dollar fell and Treasuries held recent declines, reflecting waning demand for haven assets. Australian and New Zealand bonds were lower, as was Japan’s benchmark 10-year debt.
The upbeat tone for riskier assets was carried over from the US on Monday, when the tech-heavy Nasdaq 100 had its best two-day rally since November and the S&P 500 extended its surge to 12% from an October low. With key centres including Hong Kong, Shanghai, Singapore and Seoul closed, much of the focus among global investors on Tuesday is on central banks and US corporate earnings. Marquee names like Microsoft and Intel report results this week that will help shape the outlook for the technology sector.
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