Asian Markets Rally on Optimism for Fed Rate Cuts and China Stimulus

Asian shares rose as investors anticipated an end to rate hikes by the Federal Reserve and hoped for economic stimulus from China to boost growth. Market focus is on U.S. inflation data due on Wednesday, which could provide insight into the interest rate outlook. European markets are expected to open higher. Chinese producer prices declined more than expected, indicating a slowdown in the country's post-COVID rebound. Chinese regulators extended policies to support the real estate sector, but analysts believe additional measures may be necessary. U.S. stocks ended higher, supported by comments from Fed officials suggesting the end of the tightening cycle. S&P 500 company earnings are set to begin this week. The dollar weakened, while the yen strengthened. Oil prices rose, and gold was slightly higher.