"Asia Stocks Await US Data, Bitcoin Gains: Market Update"

Asian stocks and US stock futures rose ahead of the Federal Reserve's inflation metric, with Chinese equities rebounding and Bitcoin surging past $61,000. The yen climbed against the dollar after Bank of Japan Board Member Hajime Takata signaled a potential end to the negative interest rate policy. US equity futures reversed earlier losses, and declines for US stocks came despite strong consumer spending. Treasuries were steady, and economic reports are due in Asia. New York Fed President John Williams emphasized the central bank's ongoing battle against inflation, while traders are pricing around 80 basis points of easing by year-end.