Asia Stocks Set to Start Week Higher; Yen Flat

Stocks in Asia were set for gains Monday following a bounce in U.S equities as traders start a busy week for economic data and await commentary from the Federal Reserve Chief.

Futures pointed higher in Australia, Hong Kong, and Japan. U.S. contracts rose after a positive close in the S&P 500 Index helped by supposition European Officials will fortify stimulus if the growth in the region continues to sputter. The Yen and Yuan were firm early Monday.