October 19, 2021

Dollar moves, economic data, oil prices

Vehicles are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX.

Lisa Maree | Bloomberg | Getty Images

SINGAPORE — Asia-Pacific markets were set to trade higher on Monday.

Futures tied to the Australia’s ASX 200 pointed to a near flat open for the benchmark index. Nikkei futures indicated to opening gains in Japan.

The session follows after last week the Dow Jones Industrial Average and the S&P 500 stateside posted their fourth and second consecutive negative week of losses. U.S. stock index futures were little changed.

Last week, data showed strong comeback by the services sector both in the U.S. and Europe as businesses reopened following prolonged lockdown and benefited from a global demand recovery.

“The debate in financial markets is now not so much about how quickly GDP can recover but rather the shape of…

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