On Friday, Asian shares were on track for a weekly gain, with Japan's Nikkei set for its best week in over four years. This positive momentum was driven by improved risk sentiment from Wall Street. Meanwhile, the dollar and U.S. Treasury yields remained relatively stable.
The turbulence seen in the markets last week gave way to calmer conditions this week, as a series of positive U.S. economic reports eased recession concerns and countered expectations for sharp U.S. rate cuts.
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