Asian Stocks to Rise After Wall Street Win Streak: Markets Wrap

-- Most Asian stocks are poised to rise in early trading Monday after Wall Street finished last week on fresh highs.Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says

“How influential further easing proves to be in China and Hong Kong equities and the yuan is up for debate, as market participants may be feeling a sense of policy easing fatigue,” said Chris Weston, head of research at Pepperstone Group in Melbourne. Elsewhere in Asia, Malaysia’s politicians are bracing for protests after committing to rolling back fuel subsidies from next year which also risk stoking inflation. Traders will also be closely watching the Indonesian rupiah after the nation’s new President Prabowo Subianto confirmed Sri Mulyani Indrawati will stay on as finance minister, a sign of policy continuity in Southeast Asia’s largest economy.

Boeing Co. will also have to sooth investors increasingly concerned over production delays, depleted financial resources and labor strife. Striking workers will vote on Oct. 23 to ratify a tentative agreement on a new contract the company and their union reached at the weekend, including a wage increase of 35% spread over four years.

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