Asian stocks looked set for a steady start Wednesday as traders weigh a climb in Wall Street shares, Treasury yields and the dollar amid robust U.S. economic data and more calls for tighter monetary policy.
Futures for Japan rose, while Hong Kong’s dipped. Australia slipped at the open. U.S. futures fluctuated after equities extended their rally overnight, buoyed by robust retail sales and factory output and generally solid reports from Walmart Inc. and Home Depot Inc. But concerns linger that high inflation could eventually bite, and Federal Reserve Bank of St. Louis President James Bullard called for more hawkish monetary policy.
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