Elsewhere, Australia’s dollar climbed after the central bank highlighted the impact of past interest-rate cuts, while saying it’s too early to tell what the duration of the effect from the coronavirus will be.
Meanwhile, traders are also waiting for the outcome of the Iowa Caucuses , as the 2020 Democratic presidential race kicks off. Problems with the reporting process have delayed the results.
Here are some key events coming up:
The US Democratic Party of Iowa on Tuesday will release results from caucuses, the opening event of its nomination race for the presidency. Euro zone PMI data in its final version will be released Wednesday.The Reserve Bank of India’s interest rate decision is due Thursday.The US employment report for January is set for Friday release.
These are the main moves in markets:
The Stoxx Europe 667 Index jumped 0.8% as of 8: 22 am London time.Futures on the S&P Index rose 1% .nasdaq 350 Index futures gained 1% .The MSCI All-Country World Index rose 0.4% .The MSCI Asia Pacific Index surged 1.2%. Currencies The Bloomberg Dollar Spot Index decreased 0.1% .The British pound dipped 0.2% to $ 1. . The euro was little changed at $ 1 . 2020. The Japanese yen weakened 0.2% to (per dollar.The offshore yuan strengthened 0.3% to 6.) (per dollar. (Bonds) (The yield on
– year Treasuries increased three basis points to 1. %. Germany’s
– year yield rose two basis points to -0. % Britain’s
– year yield gained three basis points to 0. (%.)
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