Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week.
Yields on U.S. 10-year notes were steady at 1.365%, having been as low as 1.25% on Friday following eight straight sessions of price gains.
That bout of risk aversion had also supported the safe haven U.s. dollar, until it ran into some profit taking on Friday. It was last at 92.147 on a basket of currencies, after touching a three-month top of 92.844 last week. European Central Bank President Christine Lagarde caught markets by surprise on Monday saying the bank will change its guidance on policy at its next meeting and show it is serious about reviving inflation.The ECB's new strategy allows it to tolerate inflation higher than its 2% goal when rates are near rock bottom.
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