U.S. stocks signaled a calmness on Sunday night that belied a busy week ahead that includes a flood of corporate earnings, economic data and comments from central bankers.
Earlier forecasts for a poor result for Ishiba had already sent Japanese government bond yields to multi-year highs as investors expected the election to clear the way for more government spending and tax cuts.
Japan’s stock and bond markets are closed Monday, meaning U.S. Treasury yields may see a delayed response to the election later in the week. Higher Japanese yields could make U.S. debt less attractive to local investors, who have typically been big Treasury buyers.
Gold edged up 0.15% to $3,363.20 per ounce. U.S. oil prices rose 0.19% to $67.47 per barrel, and Brent crude climbed 0.12% to $69.36.
On Tuesday, Federal Reserve Chairman Jerome Powell and Governor Michelle Bowman are due to speak at a banking conference.
That’s as President Donald Trump and the White House have continued to wage a pressure campaign against Powell over rates and renovations at the central bank’s headquarters.
