Asian equity markets are eyeing a strong open as China returns from a three-day holiday and Friday’s softer-than-expected US jobs report revive bets the Federal Reserve will cut rates this year.
US stock futures edged higher in early trading after the S&P 500 rose 1.3% in its previous session, while contracts in Australia and Hong Kong point to gains on Monday. A gauge of Chinese shares listed on the Nasdaq rose 5.5% last week, pointing to a strong open when mainland markets reopen. Japanese markets are closed for a holiday.
