-- Asian equities were primed for a mixed start on Monday as investors look ahead to a busy week of economic data including the Federal Reserve’s preferred inflation gauge.Shares in Australia opened 0.6% higher while equity futures pointed to declines in Japan. The moves follow a muted end to the week on Wall Street with the S&P 500 falling 0.1% and the Nasdaq rising by the same margin. US futures were little changed Monday.
“Tightening usually causes recessions when it triggers financial crises that turn into credit crunches,” said Ed Yardeni, president of his eponymous research firm, said in a Monday note. “That sequence of events is unlikely now,” he said, citing the Fed’s use of emergency liquidity measures to address crises, such as the stress in the US banking system in March last year.
In Asia, data due Monday includes Bank of Japan meeting minutes, Malaysia and Singapore inflation data, and Taiwan industrial output. Markets are closed in India.
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