Morning Bid: Asia rebounds on dovish rate hopes

Asian equities have started the week with a solid bounce – well, all but China where lower interest rates seem to have only reinforced investors’ concerns about its economy. Wall Street and European stock futures are also higher, perhaps anticipating at least dovish guidance from the Federal Reserve and the Bank of England, if not an actual rate cut from the latter. Stock futures are fully priced for a quarter-point easing by the Fed in September and even imply a 12% chance of 50 basis points.Read More