The ASX 200 is poised for a positive start to the week as risk sentiment was boosted slightly following weaker-than-expected U.S. inflation data last Friday, which eased concerns about the Federal Reserve's interest rate trajectory.
By 8:45 am AEDT (9:45 pm GMT), futures were up by 13 points, or 0.2%.
The anticipated gains follow strong performances on Wall Street, where the S&P 500, Dow, and Nasdaq all advanced by more than 1%.
Bitcoin remained below US$100,000 after a decline last week, prompted by Federal Reserve Chair Jerome Powell’s remarks that the central bank cannot own digital currencies and has no intention of pursuing legislative changes to enable this.
In the week ahead, global economic indicators will take centre stage. Key events include U.K. gross domestic product (GDP) data on Monday, followed by Canada’s GDP and producer price index (PPI) figures, U.S. Conference Board (CB) consumer confidence data, South Korean consumer confidence, and minutes from the Bank of Japan (BoJ) and Reserve Bank of Australia (RBA) meetings on Tuesday.
On the bond market, 10-year and 2-year yields were at 4.448% and 3.959%.
