Asian shares muted, dollar buoyant on odds of rate rise

Asian shares muted, dollar buoyant on odds of rate rise

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.12% higher, while Japan’s Nikkei gained 0.5%. Australian, Hong Kong and European markets are closed for Easter.

E-mini futures for the S&P 500 eased 0.02%, while the rate-sensitive Nasdaq was poised for a lower open with Nasdaq 100 e-minis down 0.25%.

China shares slipped on Monday, with the blue chip CSI300 Index 0.32% lower, while the Shanghai Composite Index slipped 0.16% amid rising geopolitical tensions around the Taiwan Strait.

China announced three days of drills on Saturday, after Taiwan’s President Tsai Ing-wen returned to Taipei following a meeting in Los Angeles with U.S. House of Representative Speaker Kevin McCarthy.

China’s military carried out aerial and naval blockade drills around Taiwan on Monday, with a Chinese aircraft carrier joining in combat patrols as Taipei reported another surge of warplanes near the island.

U.S. Labor Department data on Friday…
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