Asian Stocks Rise on Expectations of Deregulation and Trade Optimism
Key Points:
* Asian stocks follow US markets higher amidst expectations of eased restrictions on businesses and increased energy production.
* Japan, Australia, and South Korea open with gains, while Hong Kong faces potential declines.
* Treasury yields remain near year-low levels.
* President Trump plans AI investment, seeks tariffs on fentanyl from China.
* Bank of Japan may raise interest rates this week.
Market Highlights:
* S&P 500 and Nasdaq 100 gained in US trading.
* Netflix reports record quarterly subscriber addition.
* AI-related ETFs rise to three-year high.
* Trump's executive orders boost space stocks and weigh on electric-vehicle makers.
Economic Indicators:
* New Zealand inflation remains steady, supporting central bank's target.
* Bank of Japan's policy meeting on Friday could bring interest rate hike.
* US Conference Board Leading Index and jobless claims data due this week.
Currencies and Commodities:
* Bloomberg Dollar Spot Index remains steady.
* Euro dips against the US dollar.
* Oil prices slightly lower as Trump threatens tariffs on China.
Bonds and Cryptocurrencies:
* 10-year Treasury yields hover near 4.58%.
* Japan's 10-year yield unchanged.
* Bitcoin and Ether see minor fluctuations.
Key Events This Week:
* Samsung Galaxy "Unpacked 2025" event
* Eurozone consumer confidence data
* US jobless claims
* Bank of Japan policy meeting
* US consumer sentiment and S&P Global PMI data