Posted 12/3/2023, 9:48:00 PM
Asian Markets Set to Rebound as Wall Street Rallies and Yields Retreat
- Asian markets poised to open higher following Wall Street's late rally on Friday and plunge in U.S. rate expectations after dovish Fed comments
- S&P 500 rose to highest level this year; falling dollar and bond yields continue loosening financial conditions
- Two-year U.S. Treasury yield saw steepest weekly fall since March; December 2024 futures rate fell below 4% on Friday
- Room seen for Asian equities rebound after recent severe underperformance compared to other regions
- Economic calendar for the week has other potential market-moving events including rate decisions from Australia and India, inflation data from several countries, GDP figures