Asian markets are expected to open higher, following rally on Wall Street after much better than expected data about the Non Farm Payrolls on Friday.
Australian ASX200 is expected to open 60 points higher at 5295 and the Japanese Nikkei225 with 260 points higher at 15 369, according to the IG.
Data from China's CPI and PPI Sunday showed new slowdown and suggest new easing from the government to support the economy.
Technically and fundamentally, oil is set to drop, which creates likelihood for negative sentiment on stock market.
During the week we expect important data from China and the USA, which will give fresh signals for the development of the two largest economies in the world. It is likely that there is some caution during the Asian session.
It is not uncommon to see gaps filling and new declines.
Futures on US stock indexes are likely to make corrective movements in direction south during Asian hours, but the trend remains long.
Pound and euro stay under pressure on the forex market, and demand for the yen as a safe haven continues to grow.
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