Asian markets are set for a positive open after strong U.S. jobs data soothed recession and banking-sector fears.
and loan demand on Monday and Tuesday will be more closely watched than usual, in light of the cumulative effect of the Fed's rate hikes and recent stress in the regional banking system.
Asian market sentiment later in the week could be molded by a batch of Chinese economic indicators: trade, lending and money supply figures for April on Tuesday, and CPI inflation on Thursday. These reports will give investors a clearer insight into how well the region's largest economy is doing after abandoning its COVID-19 lockdown restrictions.were soft, and the economic surprises index - at a 17-year high a few weeks ago - has now declined 13 days in a row.
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