Today's market sentiment is being appetite for risk. Europe is rising on Tuesday as investors appear to have ignored fears about the Archegos hedge fund and despite rising bond yields.
The dollar continued under strong demand in Asia, driven by rising bond yields and expectations that the US economic recovery may lead the Federal Reserve to restrict monetary policy earlier than anticipated.
Treasury yields added to Monday's gains in the Asian session, with investors focused on the end-of-week employment report, which may underscore the robustness of the US economy as vaccination accelerates.
Oil prices were on the waterline in the Asian session after Monday's moderate gains, with traders waiting for delivery delays to persist, even if the ship blocking the Suez Canal was stranded.
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