{
  "id": 5485410,
  "title": "Asian shares climb ahead of US jobs data, Fed’s Waller soothes bonds",
  "url": "https://urgent.news/2026/09/04/asian-shares-climb-ahead-of-us-jobs-data-feds-waller-soothes-bonds-5485410",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T03:30:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/asian-shares-climb-ahead-of-us-jobs-data-feds-waller-soothes-bonds-4888786"
  },
  "original_language": "en",
  "account": "Asian shares experienced a surge on Friday as the global market rallied, with investors seizing the opportunity before important U.S. jobs data. Bonds also saw some relief after a top Federal Reserve official, Christopher Waller, reduced concerns about rate hikes and weakened the dollar. Waller's remarks, made at a Reuters NEXT Newsmaker event, indicated some signs of disinflation and suggested holding rates steady at the upcoming policy meeting if future reports supported the trend. This shift in sentiment led to a significant drop in the chance of a rate hike this month, from around 63% to just 50%. Futures markets quickly adjusted their expectations, reflecting the new outlook. The retreat in the dollar boosted the yen, which gained 2.6% this week and approached the 155.2 level reached after joint intervention between Tokyo and Washington in July. Fed Governor Waller's comments challenged the argument made by earlier Fed official, Richard Warsh, who argued that there was little evidence of declining underlying inflation. Analysts at JPMorgan believed that Chair Warsh would likely deliver a hike if he advocated for it, but Waller's speech helped reinforce the view that data would remain a key factor in determining whether a rate hike occurs this month. Asian markets' MSCI index rose 1%, tracking broad gains on Wall Street, but this was not enough to offset earlier losses, leaving the index down 0.4% for the week. Japan's Nikkei gained 0.8%, while Chinese blue-chips rallied 1% and South Korea's KOSPI increased 1.1%. Both Wall Street and EURO STOXX 50 futures were flat as traders awaited the U.S. payrolls report for August, with forecasts centered on a rise of 56,000 jobs and a steady unemployment rate of 4.1%. Overnight U.S. economic data showed a pickup in services sector activity and a jump in prices paid to a three-year high. The Fed's Beige Book survey also indicated a slight uptick in economic activity in recent weeks. Following Waller's dovish comments, Treasuries rallied, particularly the short-end, as the yield curve steepened amid fading concerns about an imminent rate hike. Two-year yields held steady at 4.3381%, while ten-year yields remained at 4.7620% and 30-year yields settled at 5.2433%. Longer-dated bonds still carried concerns about inflation risks due to the ongoing U.S.-Iran conflict and the lack of progress in reopening the Strait of Hormuz. Oil prices remained near six-week highs, with Brent crude futures surging 7% this week to $95.52 a barrel. The dollar's weakness, fueled by higher yields, saw it trade at 98.96 against its major peers, marking a weekly decline of 0.7%. This decline provided support for the yen, which gained further this week after jumping 1.8% overnight, with markets now implying a 75% chance of a September rate hike, while a hike in October was fully priced in.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Asia Stocks to Gain as Fed Bets Cool, Dollar Drops: Markets Wrap",
        "url": "https://urgent.news/2026/09/03/asia-stocks-to-gain-as-fed-bets-cool-dollar-drops-markets-wrap",
        "published": "2026-09-03T22:14:26.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "South Korea stocks gain as Asian equities climb and Fed bets cool",
        "url": "https://urgent.news/2026/09/04/south-korea-stocks-gain-as-asian-equities-climb-and-fed-bets-cool",
        "published": "2026-09-04T01:29:44.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds",
        "url": "https://urgent.news/2026/09/04/asian-shares-climb-ahead-of-us-jobs-data-feds-waller-soothes-bonds",
        "published": "2026-09-04T02:33:57.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Asian stocks rally as traders pare rate bets ahead of jobs data",
        "url": "https://urgent.news/2026/09/04/asian-stocks-rally-as-traders-pare-rate-bets-ahead-of-jobs-data",
        "published": "2026-09-04T02:56:15.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds",
        "url": "https://urgent.news/2026/09/04/asian-shares-climb-ahead-of-us-jobs-data-feds-waller-soothes-bonds-5482242",
        "published": "2026-09-04T03:10:52.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asian stocks rally as traders pare rate bets ahead of jobs data",
        "url": "https://urgent.news/2026/09/04/asian-stocks-rally-as-traders-pare-rate-bets-ahead-of-jobs-data-5482061",
        "published": "2026-09-04T03:34:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}