Asian Bonds to Track US Rally; Stocks Look Mixed: Markets Wrap

-- Bonds tracked Treasuries higher in early Asia trading on signs of a cooling US labor market that buoyed Federal Reserve rate-cut bets. Stocks are set for a mixed open.Stock Pickers Defy Wall Street Norm to Risk It All on a Few BetsNew Zealand and Australian notes rose, along with futures for Japan’s, after US data showed job openings hit the lowest since 2021.

Oil fell for a sixth day on Wednesday as OPEC+’s plan to loosen its production curbs this year deepens the market’s bearish sentiment. Copper slid below $10,000. Bitcoin topped $70,000. Bank of America Corp. clients fled US equities for a fifth-straight week, withdrawing $5.7 billion from the asset class in the five-day period ended last Friday.

CoreWeave Inc., a closely held cloud computing provider, has offered to acquire Bitcoin miner Core Scientific Inc. for about $1 billion, a person with knowledge of the matter said.

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