Asian share markets were choppy on Monday as a slew of Chinese economic data confirmed the deadening effect of coronavirus restrictions on consumer spending, prompting Beijing to again ease monetary policy. A holiday in the United States made for thin trading, but that did not stop Treasury futures from sliding further and Brent crude hitting a three-year top of $86.71 a barrel.
A holiday in the United States made for thin trading, but that did not stop Brent crude from extending its bull run toward last year's peak of $86.70 a barrel. S&P 500 futures were flat, while Nasdaq futures slipped 0.1%.
2021 has been a stellar year for many asset classes, including oil, bitcoin and industrial metals, and many analysts believe that the aforementioned assets are poised for further gains in 2022