HONG KONG – Asian markets mostly rose Monday, extending last week’s positive finish and tracking a record-breaking lead from Wall Street as investors turn their focus to the economic recovery.
A below forecast reading on US prices on Friday provided support as it eased fears that inflation caused by an expected strong global rebound will force central banks to wind back their ultra-loose monetary policies or hike interest rates.
The week ahead will provide plenty for traders to get their teeth into including the release of key US jobs data for March and figures on manufacturing activity around the world.
President Joe Biden is also tipped to soon unveil the next le…
Keep on reading: Asian markets extend gains after Wall Street record, eyes on US data