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Market Review US:

US stock market ended higher on Friday, with the Dow Jones Industrial Average and S&P 500 chalking up record closing highs led by gains across technology stocks.

Asia:

Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up.

India:

On Friday, the domestic equity market indices closed higher, breaking a three-day losing streak. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global economy:

South Korea's exports for the first 20 days of October fell 2.9% from a year earlier, customs agency data showed on Monday. Exports of semiconductors rose 36.1%, but cars fell 3.3% and petroleum products dropped 40.0%; by destination, shipments to China rose 1.2%, while those to the United States and the European Union fell 2.6% and 8.9%, respectively. In September, exports rose for the 12th consecutive month, but the pace of growth cooled. On average per working day, exports were up 1.0%. U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally amid excess supply of new homes on the market and prospective buyers holding out for lower mortgage rates.Homebuilding suffered a setback following a surge in mortgage rates in the spring. Mortgage rates initially dropped after the Federal Reserve began cutting interest rates last month, but they have risen over the past three weeks as solid economic data, including retail sales and annual revisions to national accounts, forced traders to abandon expectations for another 50 basis-point rate cut next month.

Commodities:

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Gold prices extended gains and scaled another record high on Monday, steered by elevated Middle East tensions and U.S. election uncertainty, while silver hit a near 12-year peak.

Currency:

The NZD/USD pair trades in positive territory during the early Asian session on Monday. The pair edges higher amid the softer US Dollar broadly and the announcement of China rate cuts. Later on Monday, the Federal Reserve Neel Kashkari and Jeffrey Schmid are scheduled to speak.

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