Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.
Markets will also be looking for further clues on whether China's economy is regaining traction.
The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows. A surge in Chinese shares on Friday helped the index trim earlier losses.
Japan's Nikkei was up 0.2%. Both S&P 500 futures and Nasdaq futures rose 0.1%.
Chinese shares surged 1.8% on Friday amid hopes of improving growth in the world's second largest economy. The big test in the week ahead would be the industrial profit figures on Wednesday, as well as manufacturing and services PMIs on Saturday.
Source : Reuters
