Asian Markets Surge Amid Central Bank Meetings and Earnings Reports

Asian shares rebounded at the start of an eventful week featuring significant central bank meetings and corporate earnings reports. Potential rate cuts by the U.S. Federal Reserve and easing by the Bank of England are anticipated, while the Bank of Japan might raise borrowing costs. Oil prices edged higher due to tensions in the Middle East.

In a promising start to the week, Asian shares made a notable recovery ahead of key corporate earnings and central bank meetings. Speculation is rife that the United States and the UK may lean towards rate cuts, while Japan's central bank is expected to raise borrowing costs.

Oil prices saw a slight uptick influenced by escalating tensions in the Middle East, particularly after a rocket strike in the Israeli-occupied Golan Heights, attributed to Hezbollah by Israel and the United States.

This week will also see the release of crucial U.S. jobs data for July, comprehensive surveys on U.S. and global manufacturing, as well as Eurozone GDP and inflation metrics. Additionally, the U.S. Treasury is set to announce its quarterly bond sales, while China's politburo meeting might herald further stimulus measures following recent rate cuts.

(With inputs from agencies.)