Asian Shares Rise Ahead of Major Economic Announcements

Asian shares bounced on Monday with a week's worth of crucial earnings reports and central bank meetings on the horizon. Investors are eyeing potential easing actions from the U.S. and UK, while Japan might increase borrowing costs. The U.S. jobs report, global manufacturing surveys, and Eurozone economic data will also be significant.

Asian shares rebounded on Monday in anticipation of a week filled with crucial earnings reports and pivotal central bank meetings. Investors are closely watching for potential easing actions from the U.S. and UK, while Japan may be considering an increase in borrowing costs to move closer to economic normality.

Key economic reports expected this week include the U.S. jobs report for July, critical surveys on U.S. and global manufacturing, and crucial Eurozone GDP and inflation data. Additionally, the U.S. Treasury will disclose its bond sale plans for the upcoming quarter, and further stimulus measures could be announced following China's recent rate cuts.

Markets are betting that the Federal Reserve will pave the way for a September rate cut at its Wednesday meeting, with futures priced for a quarter-point reduction and some projecting up to 50 basis points. The Bank of Japan, meeting the same day, has a 70% chance of hiking rates by 10 basis points, while the Bank of England's decision remains uncertain. This financial landscape has driven fluctuations in global indices and could herald increased volatility, particularly for the high-stakes tech sector.

(With inputs from agencies.)