"Asia's Economic Outlook: China PMI and Fed Decision Set to Drive Market Sentiment"

Asian markets are looking to Chinese PMI data and the Federal Reserve's decision on interest rates this week, with a rebound in sentiment towards China and positive U.S. GDP data fueling a "risk on" sentiment. China's efforts to support its markets and economy, including suspending the lending of restricted shares and showing shrinking industrial profits, have added to the local cheer. The week's data includes PMIs from across Asia, fourth-quarter GDP figures from Taiwan, Hong Kong, and the Philippines, and inflation figures from Indonesia and South Korea. The Bank of Japan will also shed more light on its thinking when it releases the summary of board members' opinions from its recent policy meeting.