ASIA OUTLOOK: Regional equities are likely to gain as U.S. stocks rallied Friday on news over the weekend that Spain's government agreed to request up to EUR100 billion from the EU to help bolster its beleaguered banks, and amid an improved set of Chinese economic data. Australian markets are shut for a holiday. In FX markets, the euro could trade higher, rebounding from Friday's losses on the latest set of positive news out of Europe. The EUR/USD is at 1.2645 from 1.2517 late Friday in New York, the EUR/JPY is at from 100.62, and the USD/JPY is at 79.56 from 79.52. On the data front, there's Japan's 2Q business outlook survey at 2350 GMT, Singapore's May merchandise trade at 0030 GMT, Malaysia's April manufacturing sales and industrial production at 0401 GMT, Japan's May consumer confidence survey at 0500 GMT, and Japan's May preliminary machine tool orders at 0600 GMT.
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