Asian equities were mixed Monday with investors awaiting the release of key US data that could play a role in Federal Reserve deliberations ahead of an expected interest rate cut next week.

After November's end-of-month rebound across world markets, confidence remains high amid speculation the US central bank could continue easing monetary policy into the new year.

That has helped overcome lingering worries about an AI-fuelled tech bubble that some observers warn could pop and lead to a painful correction.

While the odds on a third successive rate reduction on December 10 are hovering around 90 percent, traders will keep a close eye on this week's batch of indicators to gauge the Fed's desire to keep on cutting.

Among the reports due for release are private jobs creation, services acti

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