Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap

-- Asian stocks are set to gain in early trading, following US peers on Friday, as expectations for Federal Reserve rate cuts were bolstered after the central bank’s preferred measure for inflation eased.Key Engines of US Consumer Spending Are Losing Steam All at OnceEquity futures in Australia, Japan and Hong Kong point to higher opens on Monday. US contracts were little changed after the S&P 500 rose 0.

Elsewhere, elections in India and Mexico are likely to set the tone in emerging markets. Indian stocks, bonds and the rupee are poised to climb on Monday after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s party, while the Mexican peso was quoted higher in early trading with the polls still open.The dollar was steady in early trading.

Donald Trump Is Banned from 37 Countries as Convicted Felon, Including Major Allies Like Canada and U.K.Former President Trump suggested being placed on house arrest for his hush money conviction could be a “breaking point” for Americans, whom he claimed “would not stand for it.” “I’m not sure the public would stand for it,” Trump said Sunday in an interview with Fox News’s Will Cain, Pete Hegseth and Rachel Campos-Duffy.

Video shows Ukrainian drone taking out a jet ski with 2 Russian soldiers who were attempting to cross the Dnipro River

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