Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds
Asian stocks climbed Friday, tracking a Wall Street rally led by technology shares. Markets rose as expectations for further Federal Reserve interest rate hikes eased following comments from a top official, which provided relief to bond markets. Investors are now awaiting the release of U.S. jobs data to gauge the stability of the labor market. While most benchmarks rose, some investors remained cautious, resulting in choppy trading as they assessed whether the recent selloff in bonds has paused.
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- ✓ Asian shares rose ahead of the release of U.S. jobs data.
- ✓ Bond yields retreated as a top Federal Reserve official cooled rate hike expectations.
- ✓ Asian benchmarks followed a rally in Wall Street tech stocks.
What changed
Federal Reserve official Waller provided relief to bond markets, supporting an upward trend in Asian equities.
Live updates
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Asian shares rise as Federal Reserve official cools bond markets
Asian stocks climbed Friday, tracking a Wall Street rally led by technology shares. Markets rose as expectations for further Federal Reserve interest rate hikes eased following comments from a top official, which provided relief to bond markets. Investors are now awaiting the release of U.S. jobs data to gauge the stability of the labor market. While most benchmarks rose, some investors remained cautious, resulting in choppy trading as they assessed whether the recent selloff in bonds has paused.
Why it matters
Bond yields and the U.S. dollar influence global equity valuations and investor risk appetite. Federal Reserve commentary on rate hikes directly impacts these yields. The upcoming U.S. employment report serves as a primary indicator for future monetary policy decisions.
What is confirmed
- Asian shares rose ahead of the release of U.S. jobs data.
- Bond yields retreated as a top Federal Reserve official cooled rate hike expectations.
- Asian benchmarks followed a rally in Wall Street tech stocks.
What to watch next
- Release of U.S. jobs data
- Further commentary from Federal Reserve officials on interest rate paths
confidence 95%Sources used for this update (8)
- Investing.com — Asia stocks rise as bond yields retreat, oil steadies; U.S. jobs data awaited
- WSJ — Asian Stocks Choppy as Investors Weigh Pause in Bond Selloff
- Reuters — Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds
- Bloomberg.com — Stocks Rise as Fed Hike Bets Ease, Dollar Steadies: Markets Wrap
- LancasterOnline — Asian benchmarks mostly rise after tech stocks lead rally on Wall Street
- www.aol.com — Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds
- www.channelnewsasia.com — Shares inch higher ahead of US jobs data after Fed's Waller soothes bonds
- www.globalbankingandfinance.com — Vietnam's globetrotter leader to visit Russia, France, US this month, sources say
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