Stocks in Japan, India Notch Historic Highs; U.S. Markets to Reopen Tuesday

Stock benchmarks in two of Asia’s largest economies climbed to historic highs, while U.S. equity and bond markets were shut for Martin Luther King Day.

Bank earnings and economic data later this week could give clues about the Federal Reserve’s next steps. The stock and bond markets will reopen Tuesday. U.S. stock futures wavered Monday.