Investor sentiment in Asia is set to open the week on a positive note on Monday, buoyed by last week's upward momentum in global stocks, calmer currency markets, and a general easing of financial conditions.
Global and emerging market financial conditions eased significantly last week, and are now the loosest since March 22, Goldman Sachs's financial conditions indicators show. U.S. futures market data show hedge funds cut back their historically high short yen positions in the week through last Tuesday. That was probably accelerated by the yen's surge, and it is not unreasonable to think that some froth from the wider bearish Asia/bullish dollar trade has come off too.Indonesia's GDP figures on Monday are expected to show the economy grew at an annual rate of 5.
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