Asian markets edged higher in early trading Monday pushed the record gains on Wall Street over the weekend , despite concerns over the credit squeeze in China weighed on stocks there which also adds to the pressure on emerging market currencies .
Minimal trading volume in conjunction with a holiday in Tokyo ahead of Christmas celebrations . Australia 's main index , AXJO , rose 0.3 percent while the S & P 500 futures up 0.25 percent .
The MSCI index of Asia Pacific shares outside Japan , MIAP JooooPUS , in a fraction firmer .
Optimistic sentiment is supported by the data on U.S. economic growth and resilience of the stock of the Federal Reserve 's decision to initiate stimulus menyekalakan re - bond purchases .
On Wall Street , the Dow Jones on Friday closed up 0.26 percent , while the S & P 500 rose 0.48 percent . European FTSEurofirst 300 index improved 0.45 percent , according to a Reuters report .
Slow at 104.03 yen dollar today after scoring the highest level in five years last week at 104.64 .
Euro steady at 1.3674 dollars , but far from the peak of 1.3811 dollars last week . The single currency was only briefly interrupted on Friday when Standard & Poor's cut its long- term rating to AA EU - plus from AAA , following the rising tensions in the budget negotiations .
The yield on 10-year bonds are at 2.89 percent , only rose 2 basis points last week despite Fed already announced policy tapering .
In Asia , all eyes were fixed on China after the country's central bank sought to ease fears cash crisis on Friday , saying that they have added $ 50 billion in three days to the interbank money market .
Rapid credit growth in the world's second - largest economy had been worried about the Chinese , who are afraid to raise the debt that trigger asset bubbles .
People's Bank of China ( PBOC ) to inject more than 300 billion yuan into the interbank money market in response to rising interest rates , but hinted that the bank has a tough job if they want to avoid a cash crisis .
Concerns about the banking system contributed to a 2 percent decline in the Shanghai stock on Friday .
The combination of the Fed's policy of tapering and tight interest rates could weigh on China's currency in the emerging countries as it did in June.
Currencies of Indonesia, Malaysia , and Thailand all the pressure last week and even a little Korean won lost power .
However , analysts from Deutsche according to Reuters , argues that the emerging markets of Asia can survive in a climate of any capital outflow .
In commodity markets , gold prices fell from day to day as the U.S. stimulus winding roads and reduced global inflation pressures .
The metal is at 1204.81 today after a six-month carve at 1187.80 dollars last week .
If persist at that level means the gold price slumped 28 percent this year , the biggest loss in 32 years.
In contrast , the price of gold has received support from positive forecasts about demand in the United States and the declining supply of Lybia .
Brent crude fell 5 cents on it today at 111.72 dollars a barrel , but it was after an increase of almost 3 percent last week .
Oil futures fell 13 percent to 99.19 dollars , Reuters reported .
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