Asian Stocks Look Set to Advance; Dollar Mixed: Markets Wrap

 Asian Stocks Look Set to Advance; Dollar Mixed: Markets Wrap

(Bloomberg) — Asian stocks were poised to climb Monday as traders digested the outcome of Japan’s election and a rise in U.S. shares to a fresh all-time high. The dollar was mixed against major peers.

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Equity futures advanced about 1% for Japan, where Prime Minister Fumio Kishida’s Liberal Democratic Party preserved its outright majority, avoiding worst-case scenarios suggested by opinion polls. Futures for Australia were in the green while Hong Kong’s slipped.

The S&P 500 and Nasdaq 100 indexes rallied to records on Friday, weathering disappointing results from some large technology companies on wider optimism about corporate earnings in the reopening from the pandemic.

Traders are awaiting key central bank meetings this week, headlined by the Federal Reserve. Short-term bond yields from Canada to Australia have jumped on concerns that elevated inflation will lead to tighter monetary policy. The Fed is…

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