• Asian shares are set for a mixed start after Wall Street slumped on Friday amid signs US inflation is stickier than expected. Chinese stocks are poised for a strong open after a week-long holiday.
• Australian shares and Hong Kong equity futures edged higher while contracts in Japan fell. US stock futures rose slightly after the S&P 500 dropped 0.5% on Friday. Treasuries fell Friday, with two-year yields up seven basis points to 4.65% after the producer price index rose on a sizable jump in costs of services.
• Chinese shares will be in focus in Asia as they resume trading following the week-long Lunar New Year break after the central bank held the interest rate on one-year policy loans at 2.5% while injecting a small amount of cash into the financial system.