Asian stocks are set to open with cautious optimism due to a positive report on inflation from the Federal Reserve. The personal consumption expenditures index, a key measure of inflation, increased at its slowest rate since May, which has eased concerns in the market.
Australian shares have shown gains in early trading, and futures in Japan and Hong Kong also indicate upward movement. However, contracts in mainland China have experienced a slight decline.
US stock futures have risen after the S&P 500 Index recorded its largest gain since November 6, with a 1.1% increase on Friday. The US government shutdown was averted over the weekend, contributing to a more positive market outlook.