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photo : reuters

Asian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brushing off worries about a spike in U.S. coronavirus cases. As stated by Reuters, Tuesday ( 07/7) Australian S&P/ASX 200 futures climbed 0.52%, while Japan's Nikkei 225 futures rose 0.07%, and Hong Kong's Hang Seng index futures were up 0.68%. E-mini futures for the S&P 500 rose 0.08% following a rally in global stocks on Monday. Bullish sentiment toward the Chinese economy propelled the yuan on Monday to its best day against the dollar since December, while an index of blue-chip Chinese shares soared to its highest in five years. Ray Attrill, head of FX strategy at NAB, in a research note stated Jawboning by the Chinese government through a state-sponsored journal on the importance of "fostering a healthy bull market" helped spur the move//Reuters