254,000 U.S. jobs added in Sept., declining unemployment rate boosts Asian stock market optimism.
Strong U.S. jobs data, with 254,000 jobs added in September and a declining unemployment rate, has raised hopes for a soft landing for the economy, boosting Asian stock market optimism. The S&P 500 rose 0.9%, influencing futures in Australia and Japan, while Hong Kong futures dipped. Despite the positive outlook, Asian currencies may weaken as the dollar strengthens. Traders are also preparing for China's reopening following new stimulus measures.
October 06, 2024
134 Articles