Asian stocks edge higher from weekly losses, more rate cues awaited

Investing.com-- Most Asian stocks advanced on Monday, recovering some ground from losses seen last week although anticipation of more cues on U.S. inflation and interest rates later this week.

U.S. stock index futures fell slightly in Asian trade, with volumes expected to remain low with the Memorial Day holiday.grew at a steady pace in April from the prior month, signaling steady improvement in one of the country’s biggest industries. Dwindling expectations of U.S. interest rate cuts were a key weight on Asian stocks last week, as traders largely priced out bets on a cut in September.added 0.7%, buoyed by some gains in technology stocks.

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