Asian markets were set for guarded gains on Monday encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there is more than enough event risk ahead to keep investors on their toes. Crucially, the new head of the Federal Reserve, Janet Yellen, delivers her first testimony to the House on Tuesday and the senate on Thursday, and markets will be hoping for reassurance that policy will stay loose for a long time to come. Early Monday, MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.16 percent, while Australia's market (.AXJO) added 0.6 percent. Markets took their cue from Wall Street where the Dow gained 1.06 percent (.DJI) and the S&P 500 (.SPX) 1.33 percent.
via Business News - Yahoo Finance http://ift.tt/1bLe47c
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