News Stream – Asia and Australia Markets

Traders will have their attention on the UK’s Autumn budget, which takes place on Wednesday.

Asian stocks largely rallied on Tuesday, following Wall Street's record highs overnight, though fresh worries about China's property sector weighed on investors' sentiments. MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.15% and briefly touched its highest in six weeks on Tuesday, after gaining throughout October. "Equity prices are likely to be driven by technical positioning this week, as trade enters the final week of the month," said Anderson Alves, an equities trader at global online trading platform ActivTrades.

Asian stocks largely rallied on Tuesday, following Wall Street's record highs overnight, though fresh worries about China's property sector weighed on investors' sentiments. Europe and U.S. markets look set to keep the upward momentum as FTSE futures and E-mini futures for the S&P 500 index were up 0.06% and 0.24% respectively at 0531 GMT. MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.15% and briefly touched its highest in six weeks on Tuesday, after gaining throughout October.

Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets. Japan's benchmark Nikkei average opened up 1.14% on Tuesday, while Australia's S&P/ASX 200 was up 0.2% at 0133GMT. MSCI's gauge of Asia Pacific stocks outside Japan rose 0.23%.

Traders will have their attention on the UK’s upcoming budget this week, as well as the European Central Bank meeting, and a string of major corporate results.

The volume of retail sales last month fell 0.2% compared to August, marking the longest period of back-to-back monthly declines since records began in 1996, ONS figures show.

(Bloomberg) -- A relief rally boosted risk-sensitive assets including Chinese developers, junk bonds and the Australian dollar after China Evergrande Group paid interest on one of its dollar bonds. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Google’s Biggest Moonshot Is Its Search fo

China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default. The person said Evergrande remitted $83.5 million to a trustee account at Citibank on Thursday - as earlier reported on Friday by state-backed Securities Times - allowing it to pay all bondholders before the payment grace period ends on Oct. 23.

By Gina Lee

Following a 17-day suspension, the property development company nosedived as much as 14%.