Markets start week with strong rally

Asian markets started the week in a rally mode. Most markets were up around 2% following the strong markets on Fri in NY. For example, Tokyo is up 1.7% while Shanghai is up more than 4%. The goods news from Caterpillar (CAT) eased concerns about a slowing US economy & good news from Google (GOOG) gave a major boost to the tech sector. Banks shares were strong because of a feeling that Citigroup (C) news on Fri signalled that the credit crisis in the US was ending. We'll see.