UPDATED 7:30 am ET
STOCKS – Asia’s benchmark stock index rose to their highest level since June 2008 fueled by a rally in Japanese equities. Most stocks in the region outside Tokyo fell after the World Bank cut its global economic growth forecast.
BONDS – A Treasuries selloff pushed yields on 10-year notes to the highest level in four weeks before the U.S. sells $21 billion of the debt today.
COMMODITIES – West Texas Intermediate traded near the highest level in three months amid concern that Iraqi unrest may threaten oil supply. Brent rose in London as OPEC ministers meet in Vienna.
CURRENCIES – The yen rose for a fourth day versus the euro amid speculation the Bank of Japan will refrain from expanding stimulus at a meeting this week, diverging from the European Central Bank that unveiled record easing last week.
ECONOMIC DATA –Crude Oil Inventories due at 10:30, 10-y Note Auction at 13:01, RBNZ Monetary Policy Statement at 17:00, AUD Employment Change at 21:30 ET.