Asian Market Summary:
Asian Market Summary: Asian stock markets moved broadly higher, after a strong close on Wall Street yesterday. Investors seem to get slowly used to the idea of further U.S. tightening and a trend higher in global yields, but set backs on the way are still likely. The Nikkei closed with a gain of 1.47%, despite a stronger yen. The ASX 200 gained 1.16% and Hang Seng and CSI 300 are up 1.97% and 0.80% respectively. 10-year JGB yields are little changed, while long yields in Australia and New Zealand moved higher as the 10-year Treasury yield rose 1.6 bp and at 2.92% is starting to eye the 3% mark. U.s. and FTSE 100 futures are moving up, suggesting that the recovery in stocks continues and oil prices are higher with the front end Nymex future trading at USD 61.83 per barrel.