/FTSE jumps as global bond markets stabilise – live updates (via Qpute.com)
FTSE jumps as global bond markets stabilise – live updates

FTSE jumps as global bond markets stabilise – live updates (via Qpute.com)


What happened overnight

Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy and sent oil prices higher.

China’s official manufacturing PMI out over the weekend missed forecasts, but Japanese figures showed the fastest growth in two years.

Investors are also counting on upbeat news from a raft of US data due this week including the February payrolls report.

Helping sentiment was news that deliveries of the newly approved Johnson & Johnson Covid-19 vaccine should start on Tuesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.8pc, after shedding 3.7pc last Friday. Japan’s Nikkei rallied 2.1pc, while Chinese blue chips added 0.5pc.

Coming up today

Corporate: Aggreko, Bunzl, Reach (Full-year)

Economics: Mortgage approvals, mortgage lending (UK), manufacturing PMI (UK, Japan, China, Germany, France, eurozone, Italy, Spain, US)

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