Oct 14 (Reuters) - A look at the day ahead in Asian

markets.

As the trading week begins in Asia, Chinese stocks are

coming off several days of retrenchment while U.S. equities keep

churning higher.

Wall Street's main indexes ended with gains on Friday. The

benchmark S&P 500 stood at record-high levels after

logging its fifth-straight week of gains.

JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) shares jumped

after both major banks beat profit estimates, a bullish kick-off

for corporate America's third-quarter reporting season. The two

lenders also touted resiliency of the U.S. consumer, which will

be in focus in the coming week of earnings and retail sales

data.

MSCI's gauge of stocks across the globe rose

0.5% on the day.

Asian markets were sure to key off of Beijing's pledge on

Saturday to "significantly increase" debt to revive its

sputtering economy, but left investors guessing on the overall

size of the stimulus package.

China's yuan firmed to 7.0669 per dollar by late

Friday as markets looked ahead to the release of the update to

previously announced measures that had not solidified confidence

that they would stimulate its economy.

Finance Minister Lan Foan told a press conference China's

government will help local governments tackle their debt

problems, offer subsidies to people with low incomes, support

the property market and replenish state banks' capital, among

other measures.

The omission of a dollar figure may prolong investors'

nervous wait for a clearer policy roadmap until the next meeting

of China's legislature, a date for which has yet to be

announced.

The fresh stimulus details come after Chinese stocks

slumped on Friday, with the blue-chip CSI300 index

closing down 2.8%. For the week, the CSI300 fell by 3.3%.

But the index remains up more than 20% over the past month,

lifted by stimulus news.

The trajectory of interest rate moves by central banks

continues to be in focus globally. South Korea's central bank

cut rates for the first time since mid-2020 on Friday and

flagged room to reduce further.

In the U.S., market expectations coalesced around a view

that the Fed will make a modest 25 basis-point cut at its next

meeting in November. U.S. producer prices were unchanged in

September, according to data on Friday, a day after a report

showed consumer prices rose a bit above expectations in

September.

Oil prices settled lower on Friday but rose for the second

straight week. Traders were grappling with potential supply

disruptions from the storms in the U.S. southeast and tensions

in the Middle East.

Here are key developments that could provide more direction

to markets on Monday:

- Singapore GDP (Q3)

- India CPI (Sept)

- China import/exports (Sept)