Asia Stocks hold Central bank vigil, oil Bounces

Caution gripped Asian shares on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports. Bombings in New York City and New Jersey and a stabbing at a Minnesota shopping mall added to a general air of risk aversion. 

 

While US officials are investigating the attacks as potential "acts of terrorism," they stopped short of characterizing the motivation behind any of them until more evidence is uncovered. 

 

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while South Korea edged up 0.1 percent. Liquidity was further sapped by a holiday in Japan. EMini futures for the S&P 500 ESc1 were trading around 0.25 percent firmer. On Friday, the S&P 500 had eased 0.38 percent and the Dow 0.49 percent. 

 

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