Brett Miller

Asian equities were set to advance on Monday with support from the biggest weekly gain in US stocks since June and China’s policy shifts on Covid and property.

Asian stocks were poised for a mixed open Monday after small gains on Wall Street Friday as investors continue to focus on the outlook for interest rates.

The dollar rose and stocks were likely to face downward pressure as markets open in Asia on Monday to news of growing unrest in China over Covid restrictions.

Stocks rallied in Asia Thursday, putting a gauge of the region’s equities on course to snap five days of declines after US shares climbed on improved consumer confidence and better-than-expected earnings.

Asian equities are poised to follow Wall Street higher on Thursday as wagers for a further softening of US inflation buoy appetite for risk taking in global markets.

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Asian equities are set to open the week with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally.

Asian stocks were poised to advance and major currencies edged higher versus the dollar early Monday amid positive sentiment for riskier assets after a rebound on Wall Street and expectations for less aggressive monetary tightening.

The dollar rose in early trading on Monday, adding to a third week of gains as hawkish comments by Federal Reserve officials and geopolitical tensions bolstered the appeal of the greenback. Asian stocks looked set for a mixed open.

Asian equities advanced Wednesday as investors wagered that the worst of the global fallout from the American banking sector has passed.