🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.SINGAPORE -Asian shares hit two year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector.futures rose to a one-week high of $84.
After last week cheering a slowdown in U.S. inflation and European policymakers' flagging rate cuts as soon as June, investor focus now turns to policy speeches, meeting minutes, a central bank decision in New Zealand and Nvidia minutes in how they paint the picture of policy risks ahead, with a bias to ease rather than hike essential," said Bob Savage, BNY Mellon lower at 4.825% and were steady in Asia trade. Ten-year U.S. yields were down 8.4 bps last week to 4.42%.
"Something has to give, and if the Bank of Japan has to start to increase interest rates, and that means long end yields will also have to adjust higher as well, and I think we're starting to see that," said ANZ's head of Asia research Khoon Goh. Meeting minutes are due from Australia's central bank and the Federal Reserve. Flash global PMIs are also out this week.
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