This is the script of CNBC's news report for China's CCTV on May 7, Tuesday.
Welcome to the CNBC Business Daily.
And the rally on Wall Street is in full throttle with the S&P 500 touching yet another record high on Monday.
U.S stocks have had a strong run this year, thanks largely to low interest rates and solid earnings.
So can the rally last or will we see a case of "sell in May and go-away"?
Here's a view from one of our analysts.
[Sound bite on tape by Jack Bouroudjian, CEO, Bull And Bear Partners: This is another one of those Mays where you do not want to be out of the market. This is one of those break out years that we're experiencing. I think in hindsight, we'll look back on this year as one of those 25 percent moves, and everybody will be scratching their heads wandering why it happened.]
After a series of mediocre economic readings, a healthy jobs report last week added to investor confidence, so are things starting to turn around state-side?
[Sound bite on tape by Bruno Del Ama, CEO, Global X Funds: The US economy is expanding but it's expanding at a pretty at a slow pace. That's our expectation going forward and that would obviously translate into revenues. The increase in revenues are not that dramatic, there's only so much you can expect from a margin perspective, so we do expect a little bit of deceleration.]
Meantime Warren Buffett tells CNBC that he prefers stocks to bonds - saying bonds are "terrible" investments right now.
[Sound bite on tape by Warren Buffet, CEO, Berkshire Hathaway: In terms of stocks. Stocks are reasonably priced. They were really cheap a couple of years ago, but stocks grow in value over time, because they retain earnings and they expand the companies underneath it. I like owning stocks, I do not like owning bonds now. There could be conditions which we would own bonds, but they are conditions far different than what exist now.]
The Oracle of Omaha believes that fixed income plays are artificially priced as central banks pump liquidity into the market.
Adding that that could hurt investors when interest rates start to inevitably rise.
Buffett also talked about his investments in Europe and how region's economic problems present a buying opportunity.
[Sound bite on tape by Warren Buffet, CEO, Berkshire Hathaway: In the last 12 months we've bought a couple smaller businesses in Europe, we've bought some European stocks. The fact that there's troubles in Europe - and there are plenty of troubles, and they're not going to go away fast - does not mean that you don't buy stocks. We bought stocks when the United States was in trouble in 2008. It was in huge trouble and we spent $15.5 billion in three weeks between September 18th and October 10th. It wasn't because the news was good, it was because the prices were good. If you believe Europe will be around, which it certainly is - it's going to have huge amounts of purchasing power with its citizens and all of that, then you look at troubles as possibly offering you an opportunity to buy.]
We also had comments from ECB President Mario Draghi who said the central bank stood ready to act again if needed.
His comments come a week after the ECB cut its main interest rate by 25 basis points to 0.5 percent - its first cut in 10 months. This as PMI data showed the Euro Zone's economy continued to slump in April.
The Markit Composite PMI for the bloc standing at 46.9 - in contraction territory for over a year now
Closer to home the Nikkei surged past the 14,000-mark in early trade for the first time since June 2008.
Most of the the gains was largely due to the Yen's weakness. Also helping - a strong U.S. jobs report.
The Japanese currency has weakened nearly 24% against the greenback since mid-November, when Japanese Prime Minister Shinzo Abe promised expansionary monetary and fiscal policies to boost growth.
And our next guest says that Abenomics is helping real economy in a good way.
Have a listen.
[Sound bite on tape by Jesper Koll, MD & Head of Japanese Equity Research, JPMorgan Securities Japan: The one concrete thing you can say about Abenomics is that its feeding into the real economy is retail spending. Retail spending has recovered very strongly. You find car sales in Japan beginning to move towards record high levels. Housing starts are moving up, so all is said and done, the domestic recovery cycle, a positive wealth affect is definitely kicking in and lifting the Japanese economy. ]
And with investors seeming bullish about economy, how much further does the Nikkei have left to run?
Here's Jesper Koll again.
[Sound bite on tape by Jesper Koll, MD & Head of Japanese Equity Research, JPMorgan Securities Japan: Look at valuations from a simple perspective. The price earnings multiple on forward earnings is now about 15 times. We expect that this can expand to about 18 - 18.5 times. For your record, the past decade, the average multiple has been 19 times. So there is room to believe that the Japan premium is indeed coming and warranted.]
Li Sixuan, from CNBC's Asia headquarters.