Equity benchmark indices in Asian markets were trading on a mixed on Monday as the Easter holiday weekend continued in many countries, which leads to thin trading volumes.
Shares were oscillating between gains and losses in Japan and Korea, while those in China declined and the US futures slipped.
With corporate reporting season in full flow, investors are looking for clues to decide if the dovish policy pivot from the world’s central banks can shore up global growth enough to overlook earnings that are expected to contract. For now, the stock market is saying yes, with the MSCI AC World Index on track for a fourth month of gains in April.
On the currency front, the dollar was steady, while Treasury yields ticked higher. Traders will look to a week full of corporate earnings releases, in particular from the technology sector. Investors will also turn their focus to the US economy, with first quarter gross domestic product data due on Friday.