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Asia stocks track Wall Street gains as softer-than-expected U.S. jobs data fuels rate cut hopes

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Investors await the Reserve Bank of Australia’s rate decision on Tuesday and China’s April trade data on Thursday.

Asia-Pacific markets tracked Wall Street gains on Monday as a softer-than-expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon.

However, the analysts said Australia's inflation data was better than they had expected, and compared to the US, the country's economy had slowed more with the labor market softening substantially. As such, they forecast no change to the RBA's rate of 4.35%. The supply chain for AI is extensive. It includes companies in Asia-Pacific and ranges from producers of AI graphics processing units to printed circuit boards.CNBC Pro: Goldman Sachs refreshed its conviction lists of global stocks — giving one 67% upsideCalled the"Conviction List - Directors' Cut," the lists capture names across Europe and Asia-Pacific.

 

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