Singapore –
Japanese stocks rose the most against Asian shares on Tuesday, thanks to a steady yen. Traders await data such as the U.S. inflation report to gauge the U.S. Federal Reserve’s policy outlook after last week’s volatile moves.
The Nikkei bond average of 225 issues rose more than 2% Monday morning after a holiday, a welcome relief after the wild swings of the past week, which began with a massive sell-off driven by a rising yen and fears of a U.S. recession.
Oil prices fell in early trading after jumping 3% in the previous session as investors eyed rising conflict in the Middle East, which could dent global crude supplies. Demand for safe haven assets lifted gold prices.
