Reported about 10 hours ago
Recent U.S. employment data has unexpectedly changed market forecasts, indicating a stronger labor market and a potential shift away from anticipated rate cuts by the Federal Reserve. Following the robust payroll report, expectations of a 50 basis point cut next month have been dismissed, while a 'no landing' scenario for the economy appears more likely than a soft landing. This boost in investor confidence has seen significant rises in the U.S. dollar, bond yields, and stock prices, influencing a more optimistic outlook for Asian markets.
Source: YAHOO