Morning Bid: Central bank sensitive shares face week of data

Investors in Asia may favor playing it conservative ahead of a slew of economic indicators in coming days, especially with Japan's stock market notching consecutive record highs and market closures on Friday for many centers, including China.Japan's Nikkei 225 was hardly unique last week, extending its rally on Thursday and Friday.

Japan does get revised January leading indicators on Monday and services PPI data, while Tokyo CPI is due on Thursday. Consumer price inflation data is also due from Malaysia and Singapore on Monday.Of more concern for the region's currencies is Friday's sell-off in the China's yuan to a four-month low on the weaker side of the 7.2 per dollar level. It ended the U.S. session at 7.

"We cordially welcome companies from all countries to invest in China and deepen their foothold in China," Li told an audience of global CEOs and Chinese policymakers. Switzerland's surprise rate cut on Thursday cemented the notion that, BOJ aside, developed country central banks would be easing interest rates soon.

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