Asian stocks rose, with Japanese shares receiving support from a drop in the yen overnight, while the dollar maintained gains ahead of Donald Trump\u2019s address to Congress. Crude remained above $54 a barrel.<\/p>\n
Japan\u2019s Topix index rebounded after the Dow Jones Industrial Average pushed its winning streak to 12 sessions, the longest in 30 years. Gains in Australia and South Korea were more muted. The dollar strengthened as the Trump administration began outlining spending priorities ahead of the president\u2019s speech Tuesday.<\/p>\n
Fed Bank of Dallas President Robert Kaplan said policy makers should raise interest rates \u201csooner rather than later\u201d and not pay excessive attention to market expectations. The chance of a rate hike at the Fed\u2019s March 14-15 meeting on Monday jumped to 50 percent, federal funds futures showed, from 34 percent just five days ago.<\/p>\n
\u201cDollar bears should take caution if Trump follows through on infrastructure and Yellen ratchets up the rate-hike rhetoric to end the week,\u201d said Stephen Innes, senior currencies trader in the Asia Pacific at Oanda Corp. \u201cThe big question for the market is, will Trump use tonight\u2019s platform to execute?\u201d<\/p>\n
While U.S. stock markets hit new highs, the rally in global equities that helped push their value above $70 trillion is stalling as investors grapple with political uncertainty and the Fed\u2019s schedule for lifting borrowing costs. Trump on Monday said he\u2019d spend \u201cbig\u201d on infrastructure, while adding that tax details won\u2019t become clear until after the costs of repealing the Affordable Care Act are known.<\/p>\n
Read our Markets Live blog here.<\/p>\n
What\u2019s coming up this week:<\/p>\n
Here are the main moves in markets:<\/p>\n
Currencies<\/p>\n
Stocks<\/p>\n
Bonds<\/p>\n
Commodities<\/p>\n
Source: Bloomberg<\/p>\n","protected":false},"excerpt":{"rendered":"
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