Asian Markets Bounce From Selloff as US Jobs Beat Forecasts
47 Articles
47 Articles
Asian stocks gain as dip buyers lift Wall Street
Asian stocks are poised for a rebound, mirroring Wall Street's positive sentiment driven by resilient US labor market data and a brief retreat in tech shares. Investors see opportunities in the current market pullback, with strong earnings momentum and encouraging economic indicators supporting a bullish outlook. Meanwhile, Treasuries slipped as the Fed signaled a less dovish stance.
After the decline in technological values, US and European markets rebounded thanks to strong economic indicators in the United States, including job creation and an expansion of the service sector above expectations. The feeling of the dip has been imposed, supported by a season of exceptional results and a rapid return of appetite for risk, despite the rise in US bond yields. Bitcoin took advantage of this rebound to go over $104,000, while As…
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