Nikkei Rises 2.5% as Weak Hiring Data Cuts October Rate Hike Odds
Japan's Nikkei 225 climbed 2.5% after weak U.S. jobs data reduced the chance of a Fed rate hike in October.
Japan's Nikkei 225 climbed 2.5% after weak U.S. jobs data reduced the chance of a Fed rate hike in October.
Preview of key economic data and central bank events for the week of October 5th-9th.
Gold struggles near $4,140 as bond yields stay high, offsetting a soft US jobs report.
Despite a softer US jobs report, bond yields rebounded quickly, remaining the main market pressure point as traders eye inflation data and fiscal policy.
US 10-year yields above 5% and interest costs over $1 trillion, but 8.5% growth still outruns the 3.4% average debt rate, delaying a debt spiral.
Dollar strengthened, crude slipped, and Japan's Nikkei hit a three-month high; Fed minutes are due on Wednesday.
The Nikkei rallied 2.5% to a three-month high, led by AI stocks after soft US jobs data reduced Fed hike expectations.
Asian gold producers are refining more domestically and taxing exports, tightening global supply amid record prices.
US September payrolls rose 29K, far below the 90K expected. Unemployment ticked up to 4.2% and wage growth slowed.
Jim Cramer warned investors that the upcoming Q3 earnings season may be more difficult due to higher interest rates and a Fed focused on inflation. Analysts…
U.S. stocks gained Friday, with the Nasdaq 100 hitting a record close, as a disappointing September jobs report reduced expectations for further Fed rate hikes.
The US Bureau of Labor Statistics drastically cut its employment estimates for July and August, a move that is raising questions about the Fed's recent rate…
A lighter data week features U.S. ISM services, Fed minutes, ECB accounts and Canadian employment, offering traders fresh policy and growth cues.
Goolsbee described the labor market as steady, stressed that inflation is the main focus, and left the door open for a rate hike or pause.
Bitcoin surged above $87,000 after US jobs data showed unemployment ticking higher, fueling expectations of looser Fed policy.