Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply. The revival in risk appetites undermined the safe haven yen and kept the U.S. dollar elevated across the board, while sovereign bonds were content to consolidate recent gains. Equity investors chose to focus on the benefits that falling fuel prices would have for consumer spending power. "Overall, we see this as a shot in the arm for the global economy," Olivier Blanchard, chief economist at the IMF, and Rabah Arezki, ... (full story)