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Positive Start

EQUITIES

A mostly positive start to the week for equity markets in Asia, most major indices in the black alongside a rally in the commodity complex. The CSI 300 and the Hang Seng lead the way higher, though the Shanghai and Shenzen Comp's have struggled thanks to a drag from Evergrande. The firm remains silent on its $83m dollar bond interest payment that was due last Thursday, while another real estate firm Sunac has sought help from local authorities. In the US futures are higher, US House Speaker Pelosi pledged to pass a $550bn infrastructure bill this week. Focus in the coming week turns to a speech from FOMC Chair Powell, the fallout from the German election uncertainty, MNI Chicago Business Barometer data as well as the ISM and University of Michigan releases.

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