Asian stocks hit record highs on Monday as the successful launch of the coronavirus vaccine gave the world hope for a swift economic recovery amid new financial aid from Washington, while Oil prices rose on rising tensions in the Middle East.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent to 736.4.Japan's Nikkei rose 1.1 percent, though data showed the country's recovery from the worst post-war recession slowed in the fourth quarter.

The slotxo Australian benchmark index was up 0.9 percent, while E-mini futures for the S&P 500 were up 0.3 percent in early Asian trading.The Chinese and Hong Kong markets are closed during the Lunar New Year holidays. US stock markets will be closed on Monday for the President's holiday.The highlight of the week is likely the Federal Reserve's January minutes, where policymakers decide not to change interest rates.Inflation data comes from the United Kingdom, Canada and Japan, while Friday will see major economies, including the United States revealing a preliminary Purchasing Managers Index (PMI) in February.
While economists expect inflation to remain mild for a while.

But the so-called "reflation trade" has garnered steam in recent days, largely led by the coronavirus vaccine and the hopes of large-scale fiscal spending under President Joe Biden.Biden pushed for the first major legal achievement of his tenure, turning to a group of two local officials for help on the $ 1.9 trillion coronavirus relief plan. he In our view, as long as the increase (In inflation) is gradual, equity markets are still doing well. However, this unfair move will certainly affect investor confidence, ”said Esty Dwek, head of global marketing strategy Natixis Investment Managers Solutions.Loan spreads have dropped sharply. But there is still room to absorb higher returns, giving us more peace of mind with credit risk than interest rate risk.

Commodities will be the beneficiaries of the inflation cycle. But it continues to recover, with core inflation remaining at a high level, as the economy is once again energetic and demand increases.Oil prices hit their highest since January 2020 on hopes of stimulating the U.S. economy and fuel demand.Prices also skyrocketed after the Saudi-led coalition fought in Yemen said it had intercepted an explosive-laden drone fired by Iranian-allied Houthi groups, sparking fears of Middle Eastern tensions [or].Brent crude rose $ 1 to $ 63.43 a barrel. U.S. crude rose $ 1.2 to $ 60.7.

On Friday, the S&P 500 and the Nasdaq hit record highs. The Dow rose 0.1% at 31,458.4 points, the S&P 500 rose 0.5% to 3,934.83 and the Nasdaq rose 0.5% to 14,095.47 [.N].Currency operations are muted.The dollar was slightly higher against the Japanese yen at 105.01, while the euro rose to $ 1.2125 and the British pound was 0.3 percent higher at 1.3886, the Australian and New Zealand dollars risked a 0.1% increase.This kept the dollar index steady at 90.426.Bitcoin was virtually unchanged in early Asian trading of $ 47,994, well below its record high of $ 49,714.66.There was an estimated 20% gain in a significant week, backed by big companies like Elon's Tesla. Musk