Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds
Asian markets climbed on Friday, ahead of key U.S. jobs data and as Federal Reserve Governor Christopher Waller cooled inflation concerns. The dollar's decline boosted the yen, which gained 2.6% this week. Waller's remarks signaled potential rate stability, reducing the chance of a hike this month to 50%, down from 63%. Traders now assess a 75% probability of a September rate hike, with back-to-back tightening also priced in.
Waller's speech reinforced the view that data would likely prevent a rate hike this month. Asian shares, including the MSCI Asia-Pacific index, rose, while Wall Street and European futures remained flat. Inflation fears persist, and oil prices remain high.
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Also reported by 6 other outlets
- Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds channelnewsasia.com
- South Korea stocks gain as Asian equities climb and Fed bets cool businesstimes.com.sg
- Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds brecorder.com
- Asian stocks rally as traders pare rate bets ahead of jobs data thejakartapost.com
- Asian stocks rally as traders pare rate bets ahead of jobs data straitstimes.com
- Asia Stocks to Gain as Fed Bets Cool, Dollar Drops: Markets Wrap bloomberg.com
