Asian shares went up
Asian shares rose on Monday. Japanese Nikkei 225 added 0.74% on better-than-expected Japanese trade figures. Chinese Shanghai Composite rose by 3.25% as China’s authorities announced that they are seeking private funding for over $300 billion worth of public projects. This step could be very positive for the nation’s economy. During the European and the US session market liquidity will be lower as many European and American markets will be shut for holidays.
However, growth of equities was moderated by the expectations that the US Federal Reserve is preparing to raise interest rates. The Fed’s Chair Janet Yellen said on Friday that the central bank was poised to raise rates this year if the economy keeps improving in line with expectations, though recent data suggested it is growing only modestly in Q2.