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Asian stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe.
Asian stock markets were mostly lower Monday as investors looked ahead to U.S. corporate earnings following last week's strong job numbers.
China announced another modest easing Thursday of its currency controls, saying banks will be allowed to set their own exchange rates in dealings with customers.
Markets were leaden-footed Wednesday after a strong U.S. private payrolls report, a day ahead of the early publication of official government data.
Asian stocks were mostly higher Wednesday on improved U.S. and Chinese economic activity.
China has rejected a World Bank report that suggests it might pass the United States this year to become the biggest economy measured by its currency’s purchasing power.