(Bloomberg) — Asian stocks broadly strengthened on Monday ahead of key central bank decisions in the region this week and the annual meeting at Jackson Hole.
Most Read from Bloomberg
A gauge for the region’s stocks edged higher, extending Friday’s gains. Equity markets in Japan fluctuated, while those in Australia edged lower. US futures contracts were up in early Asian trading after the S&P 500 rose 0.2% on Friday. The dollar was little changed, while Treasury yields advanced.
The calm start to the week comes ahead of US jobless claims and economic activity data, while Jerome Powell is expected to confirm Federal Reserve interest-rate cuts are on the cards when he speaks in Wyoming. The meeting caps a volatile period for global stocks, partially driven by concern the Fed wouldn’t reduce borrowing costs fast enough to prevent a deeper US slowdown.
“Financial markets will be…
