By Elizabeth Dilts Marshall
New York City (Reuters) – Asian stocks were set to open greater on Tuesday after Wall Street’s primary indexes closed at record highs and investors awaited comments from the U.S. central bank’s meeting later this week.The S&P 500 and
Dow Jones Industrial Average both surged on gains in travel stocks as mass vaccinations in the United States and congressional approval of a$1.9 trillion aid expense sustained investor optimism.Japan’s Nikkei 225 futures added 0.10 %. Hong Kong’s Hang Seng index futures rose 0.55%. E-mini futures for the S&P 500 fell 0.16%. Australia’s S&P/ ASX 200 index rose 0.24%in early trading. MSCI’s gauge of stocks across the
globe got 0.04%. Investors are concentrated on the U.S. Federal Reserve’s two-day policy meeting, which will conclude on Wednesday
, as increasing bond yields sustain issues for a pickup in inflation. Fed policymakers are anticipated to anticipate that the U.S. economy will grow in 2021 by the fastest rate in decades.Minutes from Australia’s central bank’s March monetary policy conference are due out at midday and are expected to supply commentary on bond yields and an update on
it 3‑year bond yield target. The Bank of England likewise fulfills this week on Thursday.”Markets are likely to be in a holding pattern ahead of this … heavy central bank-laden week,”write analysts at TD Securities.On Wall Street, the Dow Jones
Industrial Average increased 174.82 points, or 0.53 %, to 32,953.46, the S&P 500 acquired 25.6 points, or 0.65 %, to 3,968.94 and the Nasdaq Composite added 139.84 points, or 1.05%, to 13,459.71.
Airline shares rose as the business indicated concrete signs of a market recovery as a slowing COVID-19 pandemic assists leisure bookings. Germany, France and Italy struck pause on AstraZeneca COVID-19 shots after numerous nations reported
possible major side-effects. The advancement will be viewed in Australia, where the vaccine is also administered.The pan-European STOXX 600 index was flat on Monday,
after touching its greatest level because February 2020.Longer-term U.S. Treasury yields fell Monday as the marketplace expected the Fed meeting and the current federal government
debt auctions. The benchmark 10-year yield, which reached 1.642 %last week, ended Monday
down 2.8 basis points at 1.6073 %. Rising inflation expectations could trigger the Federal Open Market Committee to indicate it will start raising rates quicker than anticipated. In currencies trading, the dollar gained as traders cut bearish bets on the greenback to four-month lows.The dollar index increased
0.154%, with the euro down 0.03%to $1.1924. The Australian dollar fell 0.08% versus the greenback at $0.775.
U.S. West Texas Intermediate crude for April settled at $65.39 a barrel, down 22 cents. Brent crude futures for May settled at $68.88 a barrel, losing 34 cents. (Reporting By Elizabeth Dilts Marshall; Editing by Cynthia Osterman )