* Asian stock markets: tmsnrt.rs/2zpUAr4
* Asian shares lose gains as Nasdaq futures slip
* Senate passes $ 1.9 trln incentive, ready to be signed in days
* Dollar gains on euro, yen as US yields race ahead
* Oil prices jump to 1-year high as Saudi facilities have attacked
SYDNEY, March 8 (Reuters) – Mixed stock markets on Monday turned as the U.S. Senate corridor of a $ 1.9 trillion stimulus bill rose well to accelerate global economic growth, but also put new pressure on finances and technical stocks with valuations. high.
The positive economic news continued as Chinese exports rose 155% in February compared to a year earlier when much of the economy closed to fight the coronavirus.
“With the Senate corridor, we expect growth and the forecast for global GDP growth to accelerate to an annual rate of 7.5% in the middle quarter of the year,” JPMorgan economists said in a note.
“Every $ 1 trillion of fiscal stimulus contributes around $ 4- $ 5 to EPS, meaning 6-7% upside down for the rest of the year. ”
However, analysts also expected a sharp acceleration in inflation, driven in part by the latest spike in oil prices, which pushed up bond yields and stretched equity valuations, especially in the high-tech space.
That saw Nasdaq futures return early gains to 1.0%, slowing S&P 500 futures down 0.2%.
MSCI’s broadest index of Asia-Pacific shares outside Japan followed a fall of 0.5%, while Chinese blue chips peeled 0.9%.
Japan’s Nikkei was captured to a gain of 0.2%, while EUROSTOXX 50 futures were still up 0.8% and FTSE futures 0.9 %%.
Equity investors were shocked by U.S. data showing nonfarm payrolls rose by 379,000 jobs last month, while the unemployment rate fell to 6.2% in sign positive for income, consumption and physical employment.
U.S. Treasury Secretary Janet Yellen sought to counter inflationary concerns by noting that the actual unemployment rate was closer to 10% and there was still plenty in the market the work.
But yields on the 10-year U.S. Treasury were still hitting a high of 1.625% after the data, and stood at 1.59% on Monday. Yields averaged 16 strong base points for the week, while German production went down 4 basis points.
The European Central Bank will meet on Thursday in the middle of a speech protesting the recent rise in euro zone yields and perhaps damn ways to stop further increases.
The volatile trajectory led to a rise in the dollar, which fell off to a three-month low of $ 1.1892, and was finally crushed at $ 1.1904.
BofA analyst Athanasios Vamvakidis argued that the strong combination of U.S. stimulus, faster reopening and more consumer firepower was a positive testament to the dollar.
“Including the proposed stimulus package now and further upside from the infrastructure bill of the second half, total U.S. fiscal support is six times greater than the UK’s recovery fund. EU, ”he said. “The Fed is also supportive of the US currency supply growing twice as fast as the Euro Zone. ”
The dollar index rose to levels not seen since late November and last stood at 92.057, well above the recent pool of 89.677.
It also outperformed the yen by a low yield, reaching a nine-month high of 108.63, and eventually changing hands at 108.41.
The jump in yield has weighed on gold, which does not offer a fixed yield, and left it at $ 1,705 an ounce and just above the nine-month level.
Oil prices rose to record highs in more than a year after Houthi Yemen forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, raising concerns about production.
Prices had already been supported by a decision by OPEC and its allies not to increase supply in April.
Brent climbed $ 1.44 a barrel to $ 70.80, while U.S. crude rose $ 1.36 to $ 67.45 a barrel.
Reciting with Wayne Cole; Edited by Sam Holmes