Stocks and US equity futures rose Monday amid scaled back bets on how aggressively the Federal Reserve will hike interest rates and as investors assessed Chinese pledges to shore up economic growth.
A gauge of Asian shares added more than 1%, boosted by a jump in Chinese technology firms. S&P 500, Nasdaq 100 and European contracts pushed higher following a Wall Street rally Friday. Japan is shut for a holiday.
China’s central bank has indicated it will step up implementation of prudent monetary policy. Its banking regulator has asked lenders to provide credit to eligible developers so they can complete unfinished residential properties. China faces rising Covid cases, hobbling lockdowns and property-sector woes that now span a boycott of mortgage payments on some unfinished projects.
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