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Asia shares enjoy relief rally, but hurdles ahead

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Reuters

By Wayne Cole SYDNEY (Reuters) – Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday, where markets will be hyper-sensitive to any talk of early tapering. The earnings season also kicks off with JP Morgan, Goldman, Citigroup and Wells Fargo among those reporting. China releases figure…

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