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Asia bonds arise after Wall Street gains, dollar sags

TOKYO Asian shares rose on Thursday, holding early cues from Wall Street gains overnight, as decrease worries of near-term U.S. seductiveness rate hikes continued to buoy risk sentiment.

The dollar hovered nearby seven-week lows contra a euro as discreet comments from Federal Reserve Chair Janet Yellen progressing in a week on financial tightening continued to resonate. [FRX/]

MSCI’s broadest index of Asia-Pacific shares outward Japan .MIAPJ0000PUS rose 0.4 percent. Australian bonds combined 1.3 percent. Japan’s Nikkei .N225 rose 0.7 percent.

Investor risk ardour has increasing given Fed Chair Yellen pronounced on Tuesday that a U.S. executive bank should ensue carefully as it looks to travel rates, pulling behind opposite some colleagues who have suggested another pierce might be only around a corner.

Yellen’s views were echoed by Chicago Fed President Charles Evans, who pronounced on Wednesday there was a high jump to lifting rates in April, given low inflation.

Following such discreet views from tip Fed officials, a Dow .DJI climbed 0.5 percent and a SP 500 .SPX rose 0.4 percent overnight. The CBOE Market Volatility Index .VIX, Wall Street’s “fear gauge”, finished down 1.9 percent during a lowest turn given August. [.N]

“Global markets are expected to be dominated by month- and quarter-end flows currently as markets wait tomorrow’s U.S. Institute of Supply Management data, non-farm payrolls and tellurian purchasing managers’ indexes, quite that of China,” wrote strategists during ANZ.

In currencies, a euro was solid during $1.1335 EUR=, not distant from Wednesday’s seven-week rise of $1.1365. The dollar dipped 0.1 percent to 112.36 yen JPY=.

The greenback’s new debility has been a bonus to a Australian and New Zealand dollars, that both soared to nine-month highs.

Crude oil prices dipped after U.S. supervision information showed wanton inventories were again during all-time peaks notwithstanding clever refinery runs.

U.S. wanton CLc1 was down 0.7 percent during $38.06 a barrel.

Oil prices, that fell to 12-year lows progressing this year, have risen about 50 percent given mid-February after vital producers floated a thought of frozen prolongation during January’s highs. Some analysts contend a convene has breached fundamentals and wanton could trade lower. [O/R]

(Reporting by Shinichi Saoshiro; Editing by Eric Meijer)

Article source: http://www.reuters.com/article/us-global-markets-idUSKCN0WX00I