SYDNEY: Asian shares forged ahead on Tuesday while US stock futures breached a major chart barrier as investors brushed past Sino-US trade tensions to more stimulus in China and a re-opening world economy.
Chinese blue chips firmed 0.8% after the country’s central bank said it would strengthen economic policy and continue to push to lower interest rates on loans. “On this score, Japan ended its nationwide state of emergency, Spaniards have returned to bars in Madrid wearing masks and England will reopen some businesses on June 1.”
Yields on US 10-year notes were trading at 0.67% having recovered from a blip up to 0.68% last week when the market absorbed a tidal wave of new issuance. The euro was a shade firmer at US$1.0916, having spent the month so far wandering between US$1.0765 and US$1.1017.
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