Asian Stocks Rally as Traders Pare Rate Bets Ahead of Jobs Data

Asian stocks rally as traders pare rate bets ahead of jobs data

However, traders remain on edge and oil prices ticked higher again as the United States and Iran exchanged fire following a flare-up in their six-month-long conflict last weekend. Markets have been shaken this week as the Middle East crisis sent crude surging around 10 percent, fanning inflation concerns and putting pressure on central banks to raise interest rates. That turn sent the cost of government debt to multi-decade highs, with analysts …

Wall Street Highlights: S&P 500 Notches Best Day In Month, Nasdaq Rises As Traders Pare Rate-Hike Bets

The S&P 500 is projected to swing just 0.7% in either direction on Friday, in line with the average realized move on jobs-report days over the past 12 months, options-market data compiled by Citigroup...