- Asian stocks were mixed as traders weighed better-than-expected Chinese economic data. Treasury yields remained stable, providing some relief from the volatility caused by inflation and monetary policy concerns.
- Shares in Hong Kong and China fluctuated, as the central bank supported growth by rolling over all policy loans due this month.
- Japanese equities rose as stimulus plans helped to soften the blow of the previous quarter's economic contraction.
- US futures rose after technology stocks boosted the S&P 500 on Friday.
- Despite widespread covid-19 outbreaks, retail sales in China exceeded expectations. Another report showing that home prices fell for the second month in a row drained real-estate stocks.
- Treasuries were steady after a period of sharp swings due to uncertainty about the pandemic recovery, whether inflation will be sticky, and the likely rate of interest-rate hikes. Bond market inflation expectations for the next decade are at their highest since 2006.
- The dollar slipped.
