Asia shares pick up after Fed rate comments; oil dips

Hong Kong, Oct. 10 (BNA): Asian shares rose on Tuesday as bond yields eased, boosted by dovish Federal Reserve remarks and a dip in oil prices after Monday’s surge.

Europe and U.S. markets also looked set to open higher, with FTSE futures up 0.78% and E-mini futures for the S&P 500 index up 0.07% at 0504 GMT.

MSCI’s gauge of Asia Pacific stocks outside Japan narrowed morning gains to rise 0.81%, Reuters reported.

Top Fed officials indicated on Monday that rising Treasury yields could steer the central bank from further rate increases, helping to spur a rise in bond prices after those markets had been closed the previous day in the U.S. and Tokyo.


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