- As investors await the midterm elections and inflation data later this week, an index of Asian stocks rose, following the S&P 500 higher. Chinese stocks dropped.
- Japanese equities led the region's gains, while US and European futures edged higher. As investors considered an increase in virus infections and official comments defending Covid-zero, technology companies were the biggest losers among Chinese shares, halting their recent rally.
- Markets are focused on Tuesday's elections for potential gridlock in government, which has historically been good for US stocks, and Thursday's consumer price print for its impact on Federal Reserve interest rate hikes.
- After rising on Monday, treasury yields were little changed in Asian trading. Government bond yields in Australia and New Zealand rose by more than 10 basis points.
