Asia tracks another rally on Wall St as US rate optimism lingers

A bicycle rider passes an electronic quotation board displaying share prices of the Tokyo Stock Exchange and numbers of Asian markets in Tokyo on September 17, 2020.HONG KONG, China —

Investors will be keeping an eye on comments from Fed officials this week in light of the recent jobs data, which came after three months of forecast-beating inflation figures that had seen markets lower their rate cut expectations to less than two -- from six at the start of the year. "Bulls will be looking to maintain their momentum after snatching last week from the jaws of bears," said Chris Larkin at E*Trade from Morgan Stanley.

"The full impact of higher rates is yet to come," he said in prepared notes, according to Bloomberg News.

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