GLOBAL MARKETS-Asia Shares Rally on Promise of Rate Relief, Factory Pick Up

ASIAN MARKET - SYDNEY. Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.

There was also better news from China as the private Caixin survey showed a pick-up in its main factory index to a two-year top of 51.7 in May, from 51.4 in April.