• Asian stocks are set to follow their US peers higher after American consumers tempered inflation expectations, bolstering sentiment the Federal Reserve may have room to cut rates this year.
• Equity futures in Australia, Japan and Hong Kong all point to early gains on Monday while Chinese contracts slipped. US futures were steady after the S&P 500 rose 0.7% on Friday to snap a two-day drop.
• The moves suggest renewed optimism after a gauge of Asian stocks suffered their worst week in more than a month, as concerns over whether the Fed will cut this year mounted along with doubts over the implementation and effectiveness of a property rescue package in China.