Asia stocks rally, bonds tense for U.S. rate tests

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By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. rate outlook from the world’s most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized. There was some disappointment that Beijing chose to lowball its growth outlook with a target of 5%, rather than the 5.5%-plus favoured by the market, but the recent run of actual data has been strong enough to keep investors optimistic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%, after bouncing 1.5% la…

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