• Asian stocks traded in narrow ranges as traders await inflation data this week from the US, Japan and China after mixed jobs and activity data on Friday capped a downbeat start to the year. Japanese markets are shut Monday for a holiday.
• South Korean shares rose at the open and Australian equities were marginally higher, while futures contracts in Hong Kong pointed to a flat start. US equity futures were little changed after the S&P 500 rose 0.2% on Friday following reports showing US job growth beat expectations but the service sector slowed.
• Global equities slid the most since October last week as markets were rattled by a deluge of corporate issuance, and the Federal Reserve indicated it was in no rush to cut interest rates. Traders are now looking to the US inflation print due Thursday for the next major guide for the Fed outlook as markets are still pricing in rate cuts by March.