Asia Stocks Rise as Fed Hike Bets Ease — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Asia stocks rose as reduced expectations of Federal Reserve rate hikes lifted tech shares, with traders awaiting upcoming U.S. jobs data for further direction.
- Fed Governor Waller soothed bond markets with recent remarks ahead of the August jobs report, which many expect to show a rebound in hiring; U.S. futures traded mixed on the news.
Why it matters: With Waller calming bonds and rate-hike expectations pared back, equity traders are now anchored to the August jobs print — a stronger-than-expected rebound could quickly revive hike bets and unwind the tech-led rally across Asia.
Ask SkimNews
