"Global Markets React: Chinese Stocks Rally, Gold Hits Record, Fed Foresees Interest Rate Cuts"

Chinese stocks rallied on signs of economic recovery, with the CSI 300 Index jumping the most in a month, while gold hit a record high. Japanese equities fell as confidence among large manufacturers weakened. US futures edged higher, with markets in Australia and Hong Kong closed for a holiday. Treasury yields and the dollar dipped slightly after Federal Reserve Chair Jerome Powell's comments on inflation. In commodities, iron ore fell to a 10-month low due to China's property crisis, while gold extended its rally. Bitcoin fell after trading above $71,000. Key events this week include US construction spending, Eurozone CPI, and US unemployment data.