Asian Market Update : Epic Research Malaysia

Asian markets got off to a sluggish start on Monday in a week book ended with Easter holidays across the globe and a US jobs report that could impact the timing of the first hike in interest rates there.

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 per cent. Australia's main index lost 0.8 per cent amid weakness in commodity prices.

Federal Reserve chair Janet Yellen on Friday reaffirmed that rates would likely start rising later this year but emphasised the pace of tightening would be gradual and data dependent.

The conditional outlook helped nudge longer-dated Treasury yields lower and left the dollar listless for the moment. It fetched 119.22 yen on Monday, just a whisker higher than at the end of last week and short of the near eight-year peak of 122.04 set early this month.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my