Marketmind: All boats rise on safe-haven, Fed view

Asian markets are likely to open higher on Tuesday following a curious day across world markets on Monday that saw virtually every asset class move higher despite the geopolitical tensions and uncertainty sparked by the violence in Israel and Gaza.

Dallas Fed president Lori Logan said "there may be less need to raise the fed funds rate" and Fed Vice Chair Philip Jefferson nodded to the need for the central bank to "proceed carefully" with any further increases in the policy rate. The MSCI Asia ex-Japan index even managed to eke out a slender gain and has now risen three days in a row, its best run in over a month.

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