Asian Markets Rally as Wall Street Surges, China Prepares for Significant Events

Asian markets show signs of a strong rally as Wall Street's surge continues. China is set for a significant week with a U.S.-Sino Presidential meeting, top-tier economic data, and blue chip corporate earnings releases. The focus is now on a flurry of U.S. Federal Reserve officials scheduled to speak this week, including Chairman Jerome Powell. Battered bond markets enjoyed a welcome recovery as a better-than-expected U.S. payrolls report and upbeat productivity numbers suggested the labor market was cooling enough to obviate the need for further rate increases from the Federal Reserve.