The renewed focus on tech shares reflected traders’ risk-on sentiment as the week begins, with Apple (NasdaqGS: AAPL) among the better performers with a 3.0% increase Monday.
Investors were also closely watching Asian markets as MSCI Inc. decides on whether or not to include China A-shares into its global indices, notably its benchmark MSCI Emerging Markets Index.
The Federal Reserve is also likely to maintain its gradual monetary policy tightening as the labor market improves and inflation should rise alongside wages.
“Risk assets around the world are rallying again as the ‘carry party’ resumes,” Societe Generale SA strategist Kit Juckes wrote in a client note, according to Bloomberg. Fed Chair Janet Yellen “did nothing to persuade the market” to take its hawkish outlook for the path of interest rates seriously.
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