Hong Kong and China Stocks Rise on Optimism from Xi Jinping Meeting
Stocks
* Hong Kong and Chinese stocks extended gains on expectations of a boost to private companies from a meeting between President Xi Jinping and business leaders.
* The Hang Seng China Enterprises Index surged, led by technology stocks like Alibaba and Xiaomi.
* Australian stocks declined after the central bank cut interest rates.
Currencies
* The US dollar strengthened against most major currencies.
* The euro and Japanese yen weakened against the dollar.
Bond Yields
* US Treasury 10-year yields rose 3 basis points to 4.5% as the bond market reopened after the Presidents' Day holiday.
* Japanese 10-year yields remained unchanged.
Commodities
* Oil prices advanced after OPEC+ delegates indicated a delay in output restoration.
* Gold prices held a gain of 0.5% from Monday.
Key Events
* Singapore budget (Tuesday)
* UK jobless claims and unemployment data (Tuesday)
* Bank of England Governor Andrew Bailey speech (Tuesday)
* Canada CPI (Tuesday)
* New Zealand rate decision (Wednesday)
* US FOMC minutes and housing starts (Wednesday)
* Eurozone consumer confidence (Thursday)
* G-20 foreign ministers meeting in South Africa (Thursday-Friday)
* Japan CPI (Friday)
* Eurozone manufacturing and services PMI (Friday)
* US S&P Global manufacturing and services PMI (Friday)