Indian shares look set to open a tad higher on Monday as investors monitor oil price movements and look forward to a slew of Federal Reserve speeches this week including Fed Chair Jerome Powell for directional cues.
Asian stocks were mostly higher this morning as fears around contagion from Evergrande have receded a bit and the Bank of Japan gave no indication of a withdrawal of stimulus.
In Japan, investors are hoping for further fiscal stimulus once a new prime minister is chosen.
The dollar index edged down slightly in Asian trade while the euro held steady after Germany's centre-left Social Democrats (SPD) edged into the lead over Chancellor Angela Merkel's conservatives in national elections.
Oil hovered near three-year highs on signs that the crude market is tightening because of a global energy crunch.
U.S. stocks ended marginally higher on Friday while European markets closed sharply lower on concerns over the evolving situation around Evergrande.
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