Asian equity markets opened mixed on Tuesday as tensions over Ukraine took the shine off Wall Street's overnight gains.
Focus was on Europe where Ukrainian president Petro Poroshenko is due to meet Russian leader Vladimir Putin in Belarus on Tuesday. The meeting comes after Poroshenko dissolved Ukraine's parliament on Monday and announced that new elections will take place on October 26.
Global markets rallied overnight with the S&P 500 crossing 2,000 for the first time, lifted by optimism that the European Central Bank (ECB) would pursue further moves to stimulate the European economy following Mario Draghi's speech at Jackson Hole, Wyoming last week.
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Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
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Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.