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Asian Markets Mixed as US Jobs Data Fails to Boost Rate Cut Hopes
Mixed US jobs data raised unemployment to 4.6%, limiting Federal Reserve rate cut chances to about 20%, while oil prices rose over 1% after a blockade on Venezuelan tankers.
- On Wednesday, Asian equities fluctuated as mixed US non-farm payrolls data failed to lift near-term rate-cut hopes and oil rallied after Donald Trump ordered a blockade of sanctioned Venezuelan tankers.
- The jobs report showed the unemployment rate rose to 4.6 percent in November and recorded an October job drop of 105,000 with a November rise of 64,000 amid the extended government shutdown.
- IPO activity stood out as MetaX surged more than 550 percent after raising $585.8 million Wednesday, while Moore Threads rocketed over 500 percent and Tokyo rose, Hong Kong and Shanghai were flat.
- The announcement escalated US demands for Venezuelan crude and analysts warned it adds geopolitical risk amid potential easing of Russian oil sanctions.
- Fed signals and valuation worries mean the yen strengthened against the dollar ahead of the Bank of Japan's Friday rate hike while Federal Reserve officials said a January cut needs another unemployment jump next month.
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37 Articles
37 Articles
Coverage Details
Total News Sources37
Leaning Left3Leaning Right5Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 19%
C 50%
R 31%
Factuality
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