GLOBAL MARKETS-Stocks trying to hold momentum in Asian after U.S. records

* Asian stock markets : https://tmsnrt.rs/2zpUAr4
* MSCI ex-Japan rises
* Wall Street makes new records
* 'Reflation trade' supports bond yields, oil

By David Henry
Feb 9 (Reuters) - Global stocks were poised to rise again on
Tuesday in Asian trading after another record-setting day on
Wall Street.
Japan's Nikkei 225 futures NKc1 rose 0.15%, e-mini futures
for the S&P 500 EScv1 rose 0.04% and Australian S&P/ASX 200
futures YAPcm1 rose 0.12% in early trading.
MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was last up 0.04% at 720.5.
The early action came after another day of so-called
reflation trades around the world in which global markets bid up
stocks, cryptocurrencies, oil and gold while U.S. Treasury
yields held near 11-month highs and the dollar steadied.
Expectations have been building that inflation will pick up
as governments and central banks continue massive spending and
easy money policies until officials are certain that their
economies will recover from the coronavirus pandemic.
"Reflation on the back of U.S. fiscal stimulus and positive
vaccine news remains the major theme for markets," strategists
at National Australia Bank wrote.
Wall Street reached all-time closing highs on Monday as the
Nasdaq Composite .IXIC added nearly 1% and the S&P 500 .SPX
and the Dow Jones Industrial Average .DJI gained about 0.75%.
Cryptocurrency bitcoin BTC=BTSP rose more than 15% on
Monday to another record high of $45,000 after Tesla Inc
TSLA.O said it had invested around $1.5 billion in the virtual
currency and expects to accept it as payment for its cars in the
future. Oil prices rose more than 2% on Monday to their highest
levels in more than a year, with Brent LCOc1 nudging past $60
a barrel.
"There is a sense that the glut of oil supply is
disappearing more rapidly than anybody thought possible," said
Phil Flynn, senior analyst at Price Futures Group in Chicago.
"There seems to be a paradigm shift in the market."
Spot gold XAU= jumping more than 1% on Monday to $1,830.17
an ounce as expectations of a large U.S. economic stimulus
package bolstered its appeal as an inflation hedge. The dollar index =USD which stabilized on Monday after
tripping at the end of last week on a weaker-than-expected jobs
report, and was last down a bare 0.04% at 90.964.
Against the yen, JPY= the dollar was flat at 105.22.

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Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
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MSCI All Country World Index Market Cap http://tmsnrt.rs/2EmTD6j
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