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• China's PMI Numbers Indicate Recovery 

  

  Phillip Chan, Director at Shenyin Wanguo Securities says the recovery in China is heading in the right direction.

• Hong Kong shares hover near 21-month high, China climbs

  HONG KONG, Feb 4- Hong Kong shares rose on Monday to linger near 21- month highs, as investors gave further chase to the rally in the Chinese banking sector at the start of the last full week of trading before the Lunar New Year holiday. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.2 percent.

• US Getting Ready to Fight Cyberstrikes

  

  A secret legal review on the use of America's growing arsenal of cyberweapons has concluded that President Obama has the broad power to order a pre-emptive strike if the United States detects credible evidence of a major digital attack looming from abroad, according to officials involved in the review. The New York Times reports.

• UPDATE 2-Aquila puts $7.7 bln Australian iron ore project on ice

  MELBOURNE, Feb 4- Australia's Aquila Resources Ltd has put a A $7.4 billion iron ore project on ice at least through June due to funding difficulties, as soaring costs and volatile commodity prices take a toll on new mine developments.

• PRECIOUS-Gold crawls up but economic recovery hopes limit gains

  *Spot gold neutral in $1,657.54- $1,681.70/ oz- technicals. Investors remain fairly optimistic in the U.S. recovery, which makes gold less attractive, even though recent data is rather a mixed bag, "said Chen Min, an analyst at Jinrui Futures in the southern Chinese city of Shenzhen."

• Brent steadies above $116 on economy hopes, Middle East worries

  SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers United States and China reinforced a view that the global economy was headed for a modest uptick this year.

• Global Recovery Is Sustainable 

  

  Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners tells CNBC's Cash Flow which global markets he thinks are hot right now.

• Nikkei hovers around 33-month high on soft yen, Panasonic soars

  *Sony jumps, still undervalued- analyst. TOKYO, Feb 4- Japan's Nikkei share average climbed to a fresh 33- month peak on Monday morning as a softer yen led exporters higher, and hints of a recovery for troubled consumer electronics companies saw Panasonic Corp storm up 16.9 percent in heavy trade.

• China Markets Extremely Cheap at the Moment 

  

  Thomas Murphy, Managing Partner at Family Office Research & Management tells CNBC's CashFlow which sectors are worth looking into.

• Nikkei hovers at 33-month highs on U.S. recovery signs, weak yen

  TOKYO, Feb 4- Japan's Nikkei share average climbed to a fresh 33- month high in early Monday trade, with consumer electronics in the spotlight on the back of a recovery in the third quarter, and a softer yen keeping exporters ahead of the market.

• Markets to See Differentiated Performances 

  

  Emerson Yip, Greater China Investment Manager at JP Morgan Asset Management says that there will be differentiated performances in the markets as companies start reporting full year results for 2012.

• PRECIOUS-Gold slips as upbeat U.S. data trims safe-haven draw

  SINGAPORE, Feb 4- Gold ticked lower for a second session in three on Monday as a string of data pointing to a U.S. economy on the mend gave investors less reason to buy assets deemed as safe-haven. *Spot gold slipped $1.43 to $1,665.11 an ounce by 0056 GMT.

• Hong Kong shares to open up 0.6 pct, Ping An Insurance jumps

  HONG KONG, Feb 4- Hong Kong shares are set to start the week stronger on Monday, helped by a 2.5 percent jump in Ping An Insurance after China approved the sale of HSBC's remaining stake in the mainland's second-largest insurer. The Hang Seng Index was set to open up 0.6 percent at 23,866.8.

• Hong Kong shares may start the week higher

  HONG KONG, Feb 4- Hong Kong shares could start the week higher on Monday, tracking Wall Street gains last Friday after positive U.S. jobs data that solidified expectation of growth.

• NYMEX-U.S. crude steady after longest winning streak since 2004

  SINGAPORE, Feb 4- U.S. crude futures steadied above $97 per barrel in early Asian trade on Monday after data from China and the United States last week reinforced expectations that economic growth in the world's two biggest energy consumers may be better this year than last.

• GLOBAL MARKETS-Asian shares edge higher after US jobs, ISM

  TOKYO, Feb 4- Asian shares edged higher on Monday, buoyed by U.S. data which maintained expectations for a mild recovery and continued loose Federal Reserve monetary policy to support it, bolstered by solid manufacturing data from Europe and China.

• This Week, Watch What Central Bankers Say, Not Do

  

  Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.

• Nikkei seen strong on further signs of U.S. recovery, weak yen

  TOKYO, Feb 4- Japan's Nikkei share average was expected to climb on Monday after robust data pointed to a U.S. economic recovery on track, lifting U.S. stocks to five-year highs and helping the dollar extend gains against the yen.

• Reading China's Economic Signs 

  

  Jian Chang, China Economist, Barclays says China's manufacturing and non-manufacturing PMIs show that domestic demand is strong. She cautions though that the imminent Lunar New Year may distort future data reads.

• Foxconn Plans Chinese Union Vote

  

  Foxconn, the contract manufacturer whose biggest customer is Apple, is preparing genuinely representative labor union elections in its factories in China for the first time, a powerful sign of the changes in the workshop of the world demanded by an increasingly restive workforce. The Financial Times reports.