Asian shares were mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts and underlined the need for more stimulus to support the world's second largest economy.
Geopolitical risks remain high with a delegation of U.S. lawmakers in Taiwan for a two-day trip.EUROSTOXX 50 futures added 0.4% and FTSE futures rose 0.5%. S&P 500 futures and Nasdaq futures were both down around 0.2% after last week's gains.
"Key components of headline inflation, including food and energy are also at an inflection point. Both Wall Street and Main Street now expect inflation to moderate." Those yields have underpinned the U.S. dollar, though it did slip 0.8% against a basket of currencies last week as risk sentiment improved.
"Our sense remains that the dollar rally will resume before too long," argued Jonas Goltermann, a senior economist at Capital Economics.
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