- Most Asian stocks rose on Monday, as the outcome of Japan's election raised expectations for fiscal stimulus and as new all-time highs for US stocks encouraged some investor optimism.
- In Japan, equities rose more than 1% after Japan's PM Kishida's Liberal Democratic Party defied expectations by retaining its outright majority.
- Hong Kong and China's stock markets fell. Data showed that China's economy was weakening as a result of power shortages, rising commodity prices, and supply curbs. Futures in the US advanced after the S&P 500 and Nasdaq 100 set new highs on Friday.
- US treasuries dipped and the gap between 5-year and 30-yields shrank.
- Short-term yields have risen from Canada to Australia on bets that monetary authorities will need to raise interest rates to combat inflation.
- Short-term yields from Canada to Australia have risen on expectations that monetary authorities will need to raise interest rates to combat inflation.
- A gauge of the dollar was steady.
- In Australia, sovereign debt recovered from a massive drop on Friday. The rout was precipitated by the central bank's failure to defend a bond-yield target, which fueled speculation of a policy shift.
