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Asia takes heart from New Year gains in US stock futures

Updated : January 02, 2019 08:22 AM IST

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.14 percent, as E-Mini future for the S&P 500 firmed 0.5 percent and Nasdaq futures 0.7 percent. Japan's Nikkei was closed for a holiday
Yields on 10-year notes have dived to their lowest since last February at 2.69 percent, making a bullish break of a major chart level at 2.717 percent.
The pullback in the dollar and the chance of no more US rate hikes has been a boon for gold. The precious metal fetched $1,281.41 an ounce to be close to a six-month peak.
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