GLOBAL MARKETS-Stocks Upbeat, Dollar Wobbles as Fed Hike Bets Recede
Investors now see a 22% chance of a Fed hike this month after softer US jobs data and sharp payroll revisions, the CME FedWatch tool said.
10 Articles
10 Articles
Japanese investors take courage and hope that the American Fed will not continue to touch its key interest rate. Meanwhile, the stock markets in China are closed.
Stocks upbeat, dollar wobbles as Fed hike bets recede - Regional Media News
By Rae Wee SINGAPORE, Oct 5 (Reuters) - Stocks were off to a strong start on Monday while the dollar edged lower and bonds steadied, as investors trimmed bets on an aggressive policy tightening cycle by the Federal Reserve following cooler-than-expected US jobs data. Trading [...]
Asian stock markets rose as U.S. employment market indicators fell short of expectations, lowering the likelihood of a Fed interest rate hike. In particular, the Japanese Nikkei and Taiwanese TAIEX indices surged by over 2%, revitalizing the market. However, instability in the bond market persisted as the U.S. 10-year Treasury yield remained in the 5% range.
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