From The Economic Times · Bloomberg · · 1m 10s
Asian Shares Rise as Fed Hike Bets Ease
Asian stocks climb after softer US jobs data reduces Fed rate hike expectations.
In brief
Asian stocks climb after softer US jobs data reduces Fed rate hike expectations. Asian equities rose 0.4% as weaker US jobs data eased pressure on the Federal Reserve to raise interest rates. Originally reported by The Economic Times.
Asian Shares Rise
Asian stocks rose 0.4% after softer US jobs data eased pressure on the Federal Reserve to keep raising interest rates.
Japanese Shares Rally
Japanese shares rallied 2% as US jobs data softened expectations for Federal Reserve rate hikes.
Brent Crude Rises
Brent crude rose above $103 a barrel early Monday after Yemen launched a bid to recapture Houthi-controlled areas.
US Semiconductor Shares Rally
US semiconductor shares rallied after Nasdaq 100 contracts rose 0.3% following a record close.
US Jobs Data Softens
US nonfarm payrolls increased 29,000 last month after downward revisions to prior months, with unemployment rising to 4.2%.
Fed Rate Hike Expectations Drop
Bonds remained under pressure as money markets now price in less than 25% chance of a Fed rate hike in October.
Brazilian Election Shift
Brazilian real edged higher as right-wing senator Flávio Bolsonaro surged to a surprise lead over incumbent Luiz Inácio Lula da Silva.
At a glance
Asian equities rose 0.4% as weaker US jobs data eased pressure on the Federal Reserve to raise interest rates.
