Asian and European stocks inched up on Monday as investors bet on corporate earnings will grow despite monetary tightening by central banks globally.
The SET, HSI, KOSPI and TOPIX inched up by 1.07%, 1.87%, 0.57% and 1.01% respectively.
U.S. Futures on the S&P 500 Index were little changed, while those on the Nasdaq 100 climbed 0.5%.
Brent crude headed for its best January in at least 30 years, trading up by 1.08% at $91.00 while U.S. WTI is up by 0.92% at $87.62.
The commodity has soared this month as global markets tightened, with top banks and oil companies saying prices may soon pass $100 a barrel.
Key macro events this week includes:
- OPEC+ meeting on output Wednesday
- Euro zone CPI, Wednesday
- Bank of England, European Central Bank rate decisions, Thursday
- Fed Board of Governors confirmation hearing, Thursday
- U.S. factory orders, initial jobless claims, durable goods, Thursday
- U.S. payrolls report for January, Friday
