Asian stocks are set to rise early Monday, buoyed by Wall Street’s upbeat reaction to Federal Reserve Chair Jerome Powell’s announcement about interest rate cuts. Powell’s comments have enhanced investor confidence, pushing global equities close to record highs. Hong Kong and Sydney equity futures are up, while Tokyo shares may slightly decline. The Japanese yen has appreciated against the dollar, and oil prices increased by 0.4%. Anticipation builds for Nvidia’s earnings report on Wednesday, which could impact market dynamics. Additionally, the market expects a quarter-point cut from the European Central Bank next month and has fully priced in a total easing of 163 basis points by the end of 2025. The dollar weakened, while gold approached an all-time high. Key events to watch this week include China’s lending facility operations, Singapore’s industrial production, and the US durable goods report.