Futures for Japanese shares were flat and those for Australia declined slightly. Contracts for Hong Kong stocks also dipped while an index of US-listed Chinese companies rose on news that Washington and Beijing are forming working groups to discuss economic and financial issues.
Treasuries, which managed a modest rebound on Friday, will be in focus again this week, with Fed officials speaking at public events. Investors will also be watching the release of a key inflation gauge in the US, and assessing the likely impact of a possible US government shutdown. “It is far too early to say the markets have bottomed, as fundamentally nothing has changed,” Razaqzada noted.
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