Asian stocks opened higher on Monday following two consecutive weeks of declines as easing trade tensions between the world's largest economies bolstered sentiment. Shares in Japan and South Korea rose, while Australia dipped, after the region's equities fell on Friday amid concerns on US regional banks. Also, one of China's most important meetings begins on Monday. Chinese President Xi Jingping and other ruling Communist Party Elites will gather in Beijing to map out goals for the next five years. For more, we heard from heard from Fabien Yip, IG International Market Analyst. Yip spoke to Bloomberg's Shery Ahn and Annabelle Droulers.

Plus - Lawmakers in the Japan Innovation Party (Ishin) are set to meet this afternoon to decide whether to form an alliance with the ruling Liberal Democratic Party that would likely lead to Sanae Takaichi becoming the country's first female prime minister. A gathering of Ishin lawmakers from both houses of parliament that begins at 2 p.m. in Tokyo may be followed by a meeting between Takaichi and Ishin leaders in the evening to confirm the alliance before a vote in parliament tomorrow to elect a prime minister, national broadcaster NHK reported. For more perspective, we heard from Nicholas Smith, CLSA Japan Strategist. He spoke to Bloomberg's Annabelle Droulers and Shery Ahn.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to earnings from Tesla and Netflix.
• In the UK – a look ahead to European bank earnings.
• In Asia – a look ahead to a meeting between President Donald Trump and Australia Prime Minister Anthony Albanese.

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Japan's Finance Minister Katsunobu Kato voiced serious concern over China's latest export controls on rare earths, stressing the importance of coordinated action from Group of Seven nations. "Japan is deeply concerned about these measures," Kato told reporters in Washington on Wednesday, referring to China's latest trade measures. "I called for G-7 nations to unite and respond," Kato said. Kato spoke following a G-7 meeting held on the sidelines of the International Monetary Fund and World Bank annual meetings. Also in Japan, ruling party leader Sanae Takaichi's chances of becoming prime minister strengthened after progress on policy talks with the Japan Innovation Party, with Monday emerging as a deadline for deciding whether the parties form a new coalition. The Liberal Democratic Party and the Osaka-based JIP, also known as Ishin, confirmed they are on the same page on major policy items. But one major sticking point remains in place: reforms on political funding rules. For more perspective, we speak to Shuntaro Takeuchi, Portfolio Manager at Matthews Asia.

Plus - Stocks slid, extending a weeklong stretch of volatility on Wall Street, as bad loans at two regional banks stirred concern about credit quality in the economy and further underscored the fragility of the $28 trillion bull market. Following an earlier advance driven by another solid outlook for artificial-intelligence demand, the S&P 500 turned lower as a pair of regional lenders disclosed problems with loans involving allegations of fraud, adding to concern that more cracks are emerging in borrowers' creditworthiness. We turn to Jeff Palma, Head of Multi Asset at Cohen & Steers.

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