Asian equity markets are poised for declines after technology stocks led Wall Street lower and bonds rose on data that showed some softening in the labor market, housing and a gauge of business outlook.

President Joe Biden is looking at formally launching his reelection campaign as early as next week, setting up a potential rematch with Donald Trump.

Goldman Sachs Group Inc. deal maker Vivek Bantwal said that companies are striking a balance between using private credit and publicly distributed debt, adding that which one is used shifts back and forth depending on borrowers’ needs.

Dalian Wanda Group Co. has become the latest source of angst in China’s credit market, with dollar bonds of billionaire Wang Jianlin’s conglomerate sinking toward distressed levels just months after they were issued.

Rakuten Bank Ltd. is set to start trading in Tokyo on Friday following Japan’s largest initial public offering since 2018.