"Asia's Markets Rally as Central Banks Prepare for Policy Meetings"
World shares rose as Chinese data exceeded expectations, with Asian stock markets and European stocks ticking up. Multiple central banks, including those in the US, Japan, UK, and Switzerland, are set to meet this week, potentially signaling the end of free money in Japan and a slower pace of US rate cuts. The Bank of Japan may end its negative interest rates, while the Federal Reserve is expected to maintain rates but could signal a higher-for-longer outlook on policy. The market has reduced expectations for rate cuts, and the Bank of England is expected to keep rates steady. The dollar and yields rose, impacting gold prices, while oil prices improved after the International Energy Agency raised its 2024 oil demand view.