• Asian stocks are set to climb in early trading after US equities notched a fresh record amid resilient corporate earnings and China took steps to shore up its property market.
• Equity futures in Australia, Hong Kong and mainland China point to early gains when trading resumes Monday, while contracts in Japan nudged lower. US stock futures edged higher after the benchmark S&P 500 Index rose on Friday and the Dow Jones Industrial Average closed above the 40,000 for the first time in its 128-year history.
• Traders on Monday will be looking to China following Beijing’s attempt to rescue the nation’s beleaguered property market, even as concerns linger that the measures may be too small. They’ll also be watching for signs of an escalation in trade rhetoric with Europe. The recent rally in China stocks has spilled over into Asian shares, with the MSCI Asia Pacific Index having climbed for six straight days, matching its…