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by Tyler Durden Monday, Mar 08, 2021 - 07:47 AM US equity futures and global markets jumped higher at the reopen of Asian trading late on Sunday following news of the Senate's passage of the Biden $1.9TN stimulus plan and the spike higher in oil following the Houthi drone attack on Aramco facilities in the Gulf, but have since dipped amid renewed reflationary fears which pushed Treasury yields as high as 1.61% overnight hitting tech stocks with lofty valuations even as value stocks and European markets were broadly in the red. After rising above $71, Brent has since faded gains and was last t...

SYDNEY (REUTERS) - Asian shares rallied on Monday (March 8) while the US dollar held near three-month peaks after the US Senate passage of a US$1.9 trillion stimulus bill augured well for a global economic rebound, though it also put fresh pressure on Treasuries.. Read more at straitstimes.com.

While the $1.9 trillion stimulus package is expected to spur quicker global economic recovery, inflation fears persist.

The U.S. dollar gained on Monday, climbing towards a 3-1/2-month high, as a broad rise in Treasury yields spooked investor sentiment in stock markets. Having fallen 4% in the last quarter of 2020, the dollar has strengthened more than 2.4% year-to-date against rivals as investors expect the broad rise in U.S. bond yields to weigh ...

Read more about World shares ease as bond yields and oil prices ring inflation alarm on Business Standard. Chinese stocks posted their biggest decline in seven months