• Asian stocks are poised for a broadly mixed open in the wake of reinforced bets of Federal Reserve rate cuts and Taiwan’s election at the weekend. China may cut its 1-year medium-term lending facility later today.
• Australian shares slipped and equity futures in Japan fell, while contracts for Hong Kong benchmarks pointed to a rise. US stock futures declined during Asian trading after the S&P 500 closed little changed Friday. Prices paid to US producers extended their retreat in December, solidifying bets of a March Fed rate cut. Cash trading of Treasuries are closed due to a US public holiday.
• In Asia, investors will be monitoring Taiwan assets after the Democratic Progressive Party won the presidential election. The People’s Bank of China will also be in the spotlight as it is expected to trim its MLF rate by 10 basis points, breaking a pause stretching back to last August.