Stocks set to climb on Powell's dovish fed stance
Asian stocks look set to rise Monday after U.S. equities rallied to a record and Treasuries advanced on Jerome Powell's signal of a cautious and gradual withdrawal of pandemic-era Federal Reserve policy support.
Futures for Japan, Australia and Hong Kong rose, while U.S. contracts were steady. The S&P 500 climbed following Chair Powell's Jackson Hole speech, in which he said the Fed may start paring bond purchases this year but is in no hurry to raise interest rates and will be guided by data on Covid-19 risks.
...

Stocks set to climb after U.S. rally on dip buying: Markets Wrap
Asian stocks look set to rise Monday after bargain hunters spurred a U.S. rally, with traders also weighing growth risks and awaiting the Jackson Hole symposium for clues on the Federal Reserve’s policy outlook.
Futures advanced in Japan, Australia and Hong Kong, while U.S. contracts edged higher. The S&P 500 and tech-heavy Nasdaq 100 rose at the end of last week. Beijing’s regulatory crackdown saw Chinese shares listed in the U.S. suffer their longest streak of weekly losses in a decade despite a climb on Friday.
...

Global supply chains are being battered by fresh infection surges
Asia’s renewed surge in infections is compounding supply-chain blockages across the world’s biggest source of manufactured goods.
After weathering earlier global health crisis waves better than other regions, the fast-spreading delta variant has thrown into turmoil factories and ports in countries that were once among the most successful containing the crisis.
Wall street is the...