Stock markets were mixed on Monday as the global 1.9 trillion stimulus bill passed by the United States Senate boosted well for rapid global economic growth, but also put more pressure on treasury and tech stocks, hence the valuation.

Enthusiastic economic news continued with figures showing that China’s exports rose 155 percent in February compared to a year ago when most of the economy was shut down to fight the coronavirus.

With the Senate's path, we will accelerate growth and forecast a global [gross domestic product] that will grow at an annual rate of .5.5 percent in the middle quarter of the year, ”

"Approximately $4-$5 [earnings per share] is added to every trillion financial stimuli, indicating a 6-7 percent decline over the rest of the year."

However, analysts also expect a sharp rise in inflation, the recent rise in oil prices is putting pressure on bond yields and making the company's stock prices more expensive in relation to their underlying earnings, especially in high-tech space.

US Nasdaq futures saw initial gains tumble 1.0 percent, while S&P 500 futures fell 0.2 percent.

Outside of Japan, MSCI's Broadcast Index of Asia-Pacific shares fell 0.5 percent, while Chinese blue chips rose 0.9 percent.

Japan's Nikkei was up 0.2 percent, while Euro StocksX50 futures were still up 0.8 percent at the end of European trade and FTSE futures were up 0.9 percent.

Equity investors took into account U.S. data showing that nonfarm payrolls rose to 379,000 last month, while the unemployment rate fell to 6.2 percent, a positive sign for income, spending, and corporate earnings.

U.S. Treasury Secretary Janet Yellen tried to address inflation concerns by finding that the true unemployment rate was close to 10 percent and that there was still a lot of slack in the labor market.

Auxiliary U.S. Money Supply

Yet the U.S Yields on the 10-year Treasury were still at a one-year high of 1.625 percent following data and stood at 1.59 percent on Monday. Yields rose a whopping 16 basis points over the weekend, while German yields fell 4 basis points.

Amid the European Central Bank's remarks on Thursday, it will oppose the recent rise in eurozone yields and possible ways to stem the rise.

Diversifying trajectories on yields boosted the dollar against the euro, hitting a three-month low of 1.1892 and finally. Was pinned at 1.1904.

BofA analyst Athanasios Vamvakidis argued that a strong mix of U.S. stimulus, reopening and more consumer firepower is a clear positive for the dollar.

He said that compared to the current proposed stimulus package and the second-half infrastructure bill, U.S. U.S. funding to reclaim No. The total financial support is six times higher. Growing twice as fast as the eurozone The Fed is also supportive of the money supply.

The Dollar Index - the gauge of the US currency against a basket of other top global currencies - had risen sharply to an unseen level since the end of November and remained at the top of the last 92.057.

It also gained on the low-yielding yen, reaching a nine-month 108-day high of 108.63, and finally turning hands at 108.41.

The surge in yields weighs gold, which does not give a fixed return, leaving it at $1,705 per ounce and from a nine-month low.

Oil prices were at an all-time high for more than a year after Yemeni Houthi forces fired drones and missiles at the center of Saudi Arabia's oil industry on Sunday, raising concerns about production. No significant damage was done to Saudi facilities.

Prices are backed by a decision by OPEC and its allies not to increase supply in April.

Brent climbed $1.44 to $70.80 a barrel, while US crude rose 1.35 to $67.45 a barrel.