Shares rally ahead of US jobs data, Fed's Waller soothes bonds
Asian equity markets climbed as investors reacted to dovish rate comments from Federal Reserve Governor Christopher Waller. The rally follows a tech-led surge on Wall Street and a retreat in bond yields, which has increased investor risk appetite. Markets are now positioning for the release of U.S. non-farm payrolls data. While some benchmarks rose, other traders remained cautious, describing price action as choppy while weighing a potential pause in the recent bond selloff. The U.S. dollar and oil prices remained steady during the session.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Asian stocks rose ahead of the release of U.S. jobs data.
- ✓ Bond yields retreated as global markets paused a previous selloff.
- ✓ Federal Reserve Governor Christopher Waller made comments that influenced bond markets and investor risk appetite.
- ✓ The U.S. dollar and oil prices remained steady.
What changed
Federal Reserve Governor Christopher Waller issued comments that soothed bond markets and lifted Asian shares.
Live updates
-
Asian Stocks Rise as Fed's Waller Comments Ease Bond Yields
Asian equity markets climbed as investors reacted to dovish rate comments from Federal Reserve Governor Christopher Waller. The rally follows a tech-led surge on Wall Street and a retreat in bond yields, which has increased investor risk appetite. Markets are now positioning for the release of U.S. non-farm payrolls data. While some benchmarks rose, other traders remained cautious, describing price action as choppy while weighing a potential pause in the recent bond selloff. The U.S. dollar and oil prices remained steady during the session.
Why it matters
Bond yields typically move inversely to stock prices; falling yields often lower borrowing costs and increase the attractiveness of equities. The market is currently sensitive to Federal Reserve signals regarding future interest rate hikes. Non-farm payrolls data serves as a primary indicator of U.S. economic health and influences Fed policy.
What is confirmed
- Asian stocks rose ahead of the release of U.S. jobs data.
- Bond yields retreated as global markets paused a previous selloff.
- Federal Reserve Governor Christopher Waller made comments that influenced bond markets and investor risk appetite.
- The U.S. dollar and oil prices remained steady.
Still unconfirmed
- August payrolls were three times hotter than expected.
- Traders are monitoring potential geopolitical risks stemming from a Falkland Islands dispute.
What to watch next
- Release of U.S. non-farm payrolls data
- Bank of England decisions on interest rates
confidence 90%Sources used for this update (9)
- 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
- Yahoo Finance — Asian benchmarks mostly rise after tech stocks lead rally on Wall Street
- WSJ — Global Bond Markets Take a Breather
- Seeking Alpha — Asian stocks surge as Waller’s dovish rate comments lift investor risk appetite; eyes on U.S. non-farm payrolls data
- www.globalbankingandfinance.com — Pound firm ahead of US jobs data, unruffled by geopolitics
- www.fool.com — The Nasdaq, S&P 500, and Dow All Fell Slightly Friday. The Jobs Report Wasn't Really Why.
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community