Asian equities advanced with European stock futures as positive momentum picked up on Tuesday following a late recovery in post-holiday trading on Wall Street.
The dollar edged down after three days of gains, Treasury yields ticked lower and Bitcoin punched above $30,000 for the first time since June as it rallied more than 80% since the start of the year.
Japanese shares climbed following the dovish stance of the new Bank of Japan governor, Kazuo Ueda, who signaled that any significant changes to monetary policy may be unlikely for now.
The yen trimmed some of its loss of more than 1% from Monday when Ueda spoke. South Korea’s Kospi moved higher as the central bank held interest rates unchanged while the Australian market showed strong gains after the Easter long weekend.
Futures for the Euro Stoxx 50 jumped about 0.7% and contracts for the S&P 500 rose around 0.1%. Gains in Hong Kong and Shanghai faded amid a focus on Chinese inflation data. Consumer prices were softer than expectations and deflation in factory-gate prices matched estimates, likely keeping the stimulus option open for policymakers. -BLOOMBERG
