- Stocks and US share futures rose as investors weighed Chinese vows to support economic development and lowered expectations of rapid Fed rate hikes.
- An Asian share index rose around 0.5%, with gains in South Korea, Hong Kong, and China. Following a Wall Street rise on Friday, the S&P 500, Nasdaq 100, and European contracts all posted moderate gains. Japan is closed for the holidays.
- China's central bank governor, Yi Gang, stated that the country's monetary authority will accelerate the implementation of prudent monetary policy. Another research hinted to probable assistance for the real estate market. The country is dealing with an increase of Covid cases, stumbling lockdowns, and worsening property-sector troubles.
- The dollar fell, with a measure of its strength falling from a record high. Faster inflation boosted the New Zealand dollar. Oil dipped as the market digested decreasing demand and if supply would be increased following Biden's visit to Saudi Arabia.
- Because of the Japan split, treasuries will not trade in Asia. Treasury futures rose somewhat. Inversions on areas of the yield curve indicate that the bond market still considers the Fed's tightening cycle against inflation to be difficult enough to risk recession.
