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LequteMan
Guest
World stocks rose towards a six-year high on Monday.
Dollar and bond yields slipped as last week's weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
Emerging markets were biggest beneficiaries, having previously been under pressure as investors took funds away from those economies most reliant on external funding back into the recovering developed world.
Friday's data showed the U.S. economy had its weakest monthly job growth in three years in December.
This triggered a slide in U.S. Treasuries where benchmark yields posted their biggest one-day drop since October.
The report did not change expectations that the Fed would wind down its bond-buying program by year-end.
The dollar fell 0.7 per cent to 103.24 yen, its lowest level in nearly a month, pulling further away from a five-year high of 105.45 yen set earlier this month.
In commodity markets, gold extended its rally to a one-month peak at 1,254.05 dollars san ounce having climbed 1.5 per cent on Friday.
Oil prices retreated after nations struck a six-month deal with Iran to curb its nuclear program and U.S. President Barack Obama urged Congress not to impose additional sanctions on the country.
Dollar and bond yields slipped as last week's weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.
Emerging markets were biggest beneficiaries, having previously been under pressure as investors took funds away from those economies most reliant on external funding back into the recovering developed world.
Friday's data showed the U.S. economy had its weakest monthly job growth in three years in December.
This triggered a slide in U.S. Treasuries where benchmark yields posted their biggest one-day drop since October.
The report did not change expectations that the Fed would wind down its bond-buying program by year-end.
The dollar fell 0.7 per cent to 103.24 yen, its lowest level in nearly a month, pulling further away from a five-year high of 105.45 yen set earlier this month.
In commodity markets, gold extended its rally to a one-month peak at 1,254.05 dollars san ounce having climbed 1.5 per cent on Friday.
Oil prices retreated after nations struck a six-month deal with Iran to curb its nuclear program and U.S. President Barack Obama urged Congress not to impose additional sanctions on the country.
