- Asian stocks were mixed, and US equity futures were steady amid a cautious mood as traders assessed rising coronavirus cases and China's central bank's weekend pledge of increased economic support.
- Shares fell in Japan and fluctuated in China, while the S&P500 and Nasdaq100 contracts edged higher after reaching an all-time high for US stocks on Thursday before the holiday break.
- The 10-year treasury yield in the US fell, West Texas Intermediate crude fell, and gold fell. The dollar index rose slightly.
- According to reports, new daily infections with the omicron virus variant in the US have surpassed those in the delta wave, while China has reported the highest number of local cases since January. The pathogen is causing havoc, including the cancellation of nearly 2,400 flights in the US over the holiday weekend.
- In China, the central bank pledged more support for the real economy on Saturday, saying it will make monetary policy more forward-looking and targeted, amid expectations of easing as the property market slows.
