European Economic News Preview: Eurozone Monetary Aggregates Data Due

Ahead of Monday's holiday for Coronation Day, the Thai stock market has bounced higher again, one day after ending the two-day winning streak in which it had added almost 10 points or 0.7 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau and it's likely to move higher again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The SET finished modestly higher on Friday as gains from the resource, service and technology stocks were tempered by weakness from the food and finance companies. For the day, the index added 6.67 points or 0.49 percent to finish at 1,369.92 after trading between 1,364.26 and 1,372.72. Volume was 12.500 billion shares worth 37.541 billion baht. There were 256 gainers and 190 decliners, with 217 stocks finishing unchanged. Among the actives, Thailand Airport rose 0.38 percent, while Bangkok Bank fell 0.37 percent, Bangkok Dusit Medical gathered 0.87 percent, Bangkok Expressway jumped 1.82 percent, B. Grimm spiked 2.91 percent, CP All Public sank 0.85 percent, Charoen Pokphand Foods dropped 0.98 percent, Energy Absolute rallied 2.48 percent, Gulf gained 0.61 percent, Krung Thai Bank collected 0.60 percent, Krung Thai Card climbed 1.17 percent, PTT Oil & Retail advanced 1.08 percent, PTT accelerated 1.50 percent, PTT Global Chemical increased 1.00 percent, Siam Concrete strengthened 1.62 percent, Thai Oil added 1.41 percent, True Corporation improved 1.24 percent and TTB Bank, Kasikornbank, Siam Commercial Bank, PTT Exploration and Production, SCG Packaging, Asset World, Advanced Info, Banpu and BTS Group were unchanged. The lead from Wall Street is broadly positive as the major averages opened higher on Monday and remained firmly in the green throughout the trading day.

The Indonesia stock market has moved higher in two straight sessions, collecting almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,135-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The JCI finished barely higher on Monday following gains from the resource stocks and a mixed picture from the financial sector. For the day, the index perked 1.17 points or 0.02 percent to finish at 7,135.89 after trading between 7,102.69 and 7,178.77. Among the actives, Bank CIMB Niaga slumped 1.37 percent, while Bank Mandiri jumped 2.03 percent, Bank Danamon Indonesia skidded 1.11 percent, Bank Negara Indonesia fell 0.41 percent, Bank Central Asia shed 0.51 percent, Bank Rakyat Indonesia collected 0.84 percent, Indosat Ooredoo Hutchison advanced 0.94 percent, Indocement skidded 1.04 percent, Semen Indonesia rallied 1.51 percent, United Tractors perked 0.08 percent, Astra International tanked 2.39 percent, Energi Mega Persada dropped 0.97 percent, Aneka Tambang strengthened 1.68 percent, Vale Indonesia soared 5.41 percent, Timah surged 3.45 percent, Bumi Resources spike 3.00 percent and Astra Agro Lestari and Indofood Sukses Makmur were unchanged.

Adding to the gains in the previous three sessions, the Australian stock market is notably higher on Tuesday, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving above the 7,700 level, with gains across most sectors led by technology stocks as well as mining and energy stocks amid firmer commodity prices.

The Hong Kong stock market has moved higher in 10 straight sessions, gathering more than 2,370 points or 13.8 percent along the way. The Hang Seng Index now sits just above the 18,575-point plateau and it's looking at another firm lead for Tuesday's trade.

The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3.

The China stock market returned to the upside from its Labor Day break, bouncing higher again after snapping the four-day winning streak in which it had gathered almost 100 points or 3 percent. The Shanghai Composite Index now sits just above the 3,140-point plateau and it may see continued support on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The SCI finished sharply higher on Monday following gains from the insurance companies and mixed performances from the resource and property stocks. For the day, the index climbed 35.90 points or 1.16 percent to finish at 3,140.72 after trading between 3,126.77 and 3,142.38. The Shenzhen Composite Index rallied 36.33 points or 2.07 percent to end at 1,792.41. Among the actives, Industrial and Commercial Bank of China skidded 1.10 percent, while Bank of China tanked 2.40 percent, China Construction Bank and China Shenhua Energy both sank 0.70 percent, China Merchants Bank strengthened 1.66 percent, Bank of Communications retreated 1.31 percent, China Life Insurance accelerated 3.26 percent, Jiangxi Copper fell 0.34 percent, Aluminum Corp of China (Chalco) rose 0.40 percent, Yankuang Energy jumped 1.95 percent, PetroChina plunged 2.53 percent, China Petroleum and Chemical (Sinopec) shed 0.47 percent, Huaneng Power advanced 0.85 percent, Gemdale slumped 1.26 percent, Poly Developments dropped 0.90 percent, China Vanke gained 0.67 percent and China State Construction Engineering climbed 1.12 percent.

The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 300 points or 1.5 percent in that span. The Taiwan Stock Exchange now sits just above the 20,520-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The TSE finished sharply higher on Monday following gains from the financial shares, technology stocks and cement companies. For the day, the index jumped 192.99 points or 0.95 percent to finish at 20,523.31 after trading between 20,479.80 and 20,639.90. Among the actives, Cathay Financial collected 1.39 percent, while Mega Financial soared 2.75 percent, CTBC Financial surged 3.88 percent, First Financial jumped 1.82 percent, Fubon Financial rallied 1.45 percent, E Sun Financial spiked 1.81 percent, Taiwan Semiconductor Manufacturing Company improved 0.77 percent, United Microelectronics Corporation added 0.58 percent, Hon Hai Precision skyrocketed 7.37 percent, Largan Precision strengthened 1.58 percent, MediaTek shed 0.48 percent, Delta Electronics retreated 1.68 percent, Novatek Microelectronics perked 0.16 percent, Formosa Plastics climbed 1.02 percent, Nan Ya Plastics gained 1.58 percent, Asia Cement advanced 1.25 percent, Taiwan Cement accelerated 1.85 percent, China Steel added 0.60 percent and Catcher Technology was unchanged. The lead from Wall Street is broadly positive as the major averages opened higher on Monday and remained firmly in the green throughout the trading day.

The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,300-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism over the outlook for interest rates. The European and U.S. markets were firmly higher and the Asian markets are predicted to open in similar fashion. The STI finished modestly higher on Monday following gains from the financial shares, property stocks and industrial issues. For the day, the index gained 10.26 points or 0.31 percent to finish at 3,303.19 after trading between 3,292.03 and 3,307.92. Among the actives, CapitaLand Investment spiked 1.92 percent, while City Developments advanced 0.67 percent, Comfort DelGro fell 0.17 percent, DBS Group collected 0.48 percent, Genting Singapore dropped 0.56 percent, Hongkong Land jumped 1.54 percent, Keppel DC REIT surged 2.98 percent, Keppel Ltd rose 0.15 percent, Mapletree Pan Asia Commercial Trust accelerated 1.64 percent, Mapletree Industrial Trust climbed 0.92 percent, Mapletree Logistics Trust soared 2.96 percent, Oversea-Chinese Banking Corporation eased 0.07 percent, SATS slumped 0.78 percent, Seatrium Limited retreated 1.09 percent, SembCorp Industries added 0.38 percent, Singapore Technologies Engineering shed 0.25 percent, Venture Corporation tumbled 1.45 percent, Wilmar International sank 0.31 percent, Yangzijiang Financial rallied 1.56 percent and Yangzijiang Shipbuilding, CapitaLand Integrated Commercial Trust, Thai Beverage, SingTel and Emperador were unchanged.