• Most Asian stocks and bonds were poised for gains on Tuesday after Wall Street was buoyed by the Treasury unexpectedly cutting its quarterly borrowing estimate to $760 billion.
• Australian stocks and bonds rose in early trading after the Treasury’s move drew investors’ attention to a widening budget deficit, spurring US 10-year yields to drop six basis points. Stocks in China, however, look to be clouded by the looming impact of China Evergrande Group’s liquidation order and ongoing concern about its struggling economy.
• Futures point to losses in Chinese and Hong Kong stocks, as global investors weigh what will happen to the remnants of the world’s most-indebted property developer. Shares in Tokyo are poised to edge higher after the S&P 500 topped 4,900, with Tesla Inc. leading gains in megacaps. The tech-heavy Nasdaq 100 rose 1% ahead of results from five megacaps that have a combined market value of more than $10 trillion.