Asian shares rose on Monday as the Bank of Japan revealed additional stimulus measures to support the economy from the impact of the pandemic.
MSCI s broadest index of Asia-Pacific shares outside Japan gained 1.2%, recovering some of the 2.6% fall last week. Japan s Nikkei added 2.1% and Chinese blue chips 1%.
S P 500 e-mini futures was up 0.4%, EUROSTOXX 50 futures rose 1.8%, and FTSE futures gained 1.2%.
The BOJ has pledged to purchase unlimited government bonds and additional commercial and corporate debt. The central bank also eased regulations on what debts would qualify.
Analysts forecast a 15% fall in the S P 500 earnings for the first quarter and a 60% decline in the energy sector s profits.
Meanwhile, bond markets remain supported by easing imposed by central banks. This caused the U.S. 10-year yields to trade around 0.6% for more than a week.
The safe-haven dollar remained in positive territory as investors turned to the world s most liquid currency amid the crisis.
The dollar index reached a three-week high at 100.860 on Friday, then fell to 100.150 on Monday.
The euro steadied at $1.0823. The dollar traded at 107.34 against the yen.
https://www.umarkets.com/en/news/asian-shares-rise-as-boj-eases-further