• Asian stocks are set for a mixed open as traders brace for a flood of economic data this week including Chinese activity gauges and the Federal Reserve’s preferred measure of inflation.
• Australian shares edged higher early Monday while equity futures point to gains in Japan and a steady open in Hong Kong. US futures slipped after the S&P 500 rally stalled at the end of last week, weighed by profit taking in megacap tech stocks. Australia 10-year yields dropped six basis points after Treasuries climbed on Friday.
• This week, investors will be bracing for the impact from heavy Treasury and corporate issuance and month-end positioning. There’s also a slate of economic data to be scrutinized, including the so-called core personal consumption expenditures price index on Thursday that’s the Federal Reserve’s favored inflation gauge.