Asia Stocks Face Mixed Open With Focus on Rates: Markets Wrap

(Bloomberg) -- Asian stocks are poised for a mixed opening, reflecting Wall Street’s cautious start to a week with rate decisions by major central banks that will likely set the tone for global markets for the rest of the year.

Futures in Japan and Australia point to marginal declines, while Hong Kong shares may edge higher. Stocks, bonds and the dollar saw small moves on Monday, with the S&P 500 closing near 4,450. Brent oil pared gains after almost hitting $95 a barrel earlier in the session in a move that added to inflation concerns.

Apple Inc. climbed, while Tesla Inc. dropped as Goldman Sachs Group Inc. lowered its earnings estimates for the electric-vehicle giant. Treasury 10-year yields edged lower and those on two-year notes remained above 5%. Grocery delivery business Instacart became one of the biggest companies to go public this year when its priced its initial public offering at the top of a marketed range in the second marquee listing in a week.

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