Asian markets expected to open strong as China returns, US futures up, positive for market.

From Bloomberg: 2024-05-05 18:32:27

Asian equity markets are expected to open strong as China returns from a holiday and the softer-than-expected US jobs report fuels hopes for a Federal Reserve rate cut. US stock futures are up following a 1.3% rise in the S&P 500, with Chinese shares listed on the Nasdaq jumping 5.5% last week.

Australian and Hong Kong markets are set for gains on Monday, as US stock futures edge higher after the S&P 500’s 1.3% climb. Chinese shares listed on the Nasdaq surged 5.5% last week, signaling a strong open for mainland markets. Japanese markets are closed for a holiday.



Read more at Bloomberg: Stock Market Today: Dow, S&P Live Updates for May 6