Asian Market Wrap:
Asian Market Wrap: Investors remain cautious ahead of key earnings reports including Amazon, Facebook, Twitter and Microsoft this week. Reluctance to push stock valuations out further kept bond markets underpinned during the Asian session and 10-year JGB yields are down -0.2 bp at -0.0375, Treasury yields declined -1.1 bp to 2.578%. Chinese bond and stock markets continued to struggle, although the CSI 300, which underperformed yesterday managed to claw back 0.15% even as Shanghai and Shenzen Comps continued to head south. The Hang Seng moved sideways after yesterdays holiday and Topix and Nikkei also didn't make much headway with gains of 0.225 and 0.03% respectively. Ongoing uncertainty about the outlook for world growth is underpinning caution on stock markets amid the deluge of earnings reports this week. The ASX managed a gain of nearly 1% led by energy producers, which outperformed to a six months high after the U.S. announced the end of waivers that on sanctions for oil imports from Iran. The front end WTI future is currently trading at USD 65.91 per barrel, while U.S. stock futures are posting marginal gains.