Financial markets started December with a risk-on mood in Asia following a better-than-expected reading on Chinese manufacturing that added to evidence the global economy is turning a corner. Japanese stocks led equity gains across the region, while S&P 500 Index futures edged up. Ten-year Treasury yields climbed to 1.81%, and their Japanese counterparts ticked up closer toward zero. The yen retreated. Sentiment could still be kept somewhat in check by the continuing lack of closure on a U.S.-China trade deal. China’s Global Times underscored that its government wants tariffs to be rolled back as part of “phase one.”- Bloomberg 



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