SYDNEY (Reuters) -Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also better news from China as the private Caixin survey showed a pick-up in its main factory index to a two-year top of 51.7 in May, from 51.4 in April. Japan's factory activity expanded for the first time in a year in May, while activity in South Korea grew at the fastest pace in two years.
Asia Shares Rally on Hopes for More Rate Cuts This Week usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
World stocks rose on
Monday despite a subdued Wall Street following unexpected
weakness in U.S. manufacturing data, feeding uncertainty about
the U.S. interest rate outlook as the euro zone prepared.
World stocks up as investors eye ECB rate cut swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
The Australian and New
Zealand dollars took a breather on Friday after a week of choppy
trading, with a disappointing survey on Chinese manufacturing
providing another reason for caution. .