(Bloomberg) -- Asian equities were poised for a cautious open while the dollar traded in narrow ranges versus its major peers early Monday as investors weighed the Federal Reserve’s higher-for-longer stance.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundStocks Flash Recession Warning as Trouble Spreads to IndustrialsBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance F
Futures for Japanese shares were flat and those for Australia declined slightly. Contracts for Hong Kong stocks also dipped while an index of US-listed Chinese companies rose on news that Washington and Beijing are forming working groups to discuss economic and financial issues.
Treasuries, which managed a modest rebound on Friday, will be in focus again this week, with Fed officials speaking at public events. Investors will also be watching the release of a key inflation gauge in the US, and assessing the likely impact of a possible US government shutdown. “It is far too early to say the markets have bottomed, as fundamentally nothing has changed,” Razaqzada noted.
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