Asian stocks expected to rise in early trading on rate cut expectation and signs of stabilization in China's economy.
Asian stocks are anticipated to gain in early trading as rate cut expectations strengthen following the Federal Reserve's preferred measure for inflation easing. Equity futures in Australia, Japan, and Hong Kong point to higher opens on Monday, following US peers on Friday. The best month for Asian stocks since March last month is attributed to signs of stabilization in China's economy, weaker dollar, and bets on Fed interest rate cuts. However, markets are expected to be volatile as traders assess central bank policy and geopolitical tensions. The most important PMI for markets will be China's unofficial Caixin number, which is anticipated to inch up to 51.5 from 51.4.
June 02, 2024
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