Financial Market Preview - Monday 7-Oct

S&P futures are pointing to a softer open today. Asian equities were broadly higher today, led by Japan's Nikkei and the Hang Seng. European equity markets are lower in early trades. Hong Kong-listed Chinese stocks extended their recent upward momentum today. The sustainability of this rally is believed to depend on the scale of fiscal responses and signs of macroeconomic stabilization. China's National Development and Reform Commission is expected to outline policies to support economic growth on Tuesday, with expectations of a fiscal package up to 2 trillion yuan. For this week, key macro events include the release of the FOMC minutes and US CPI data, both on Wednesday. The US CPI is anticipated to show further moderation in inflation, although strong August payrolls have reduced the likelihood of another rate cut in November. Companies Mentioned: Vista Outdoor, Wynn Resorts, Pfizer