-- Equities in Asia were primed for gains Friday after robust US jobs and spending data eased recession concerns and fueled a rally in stocks.Share futures for Australia and Hong Kong were up around 1%, and contracts for Tokyo’s Nikkei 225 climbed almost 3%. The S&P 500 ended Thursday 1.6% higher, while the tech-heavy Nasdaq 100 rose 2.5%, as retail sales data beat estimates and jobless claims hit the lowest since early July.
As stocks rose, US government bonds fell alongside expectations for aggressive Fed easing. Swaps market pricing now has three 25 basis point cuts priced in across the Fed’s remaining 2024 meetings, down from the four expected earlier in the week. Walmart Inc. — a barometer of growth — jumped on a solid outlook. Applied Materials Inc., the largest US maker of chip-manufacturing equipment, gave a sales forecast in late US hours that met estimates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stocks to Join Global Rally, Treasuries Rise: Markets Wrap(Bloomberg) -- Asian equities were set to join a global stock rally as bets the Federal Reserve will soon start cutting rates fueled a rush into riskier...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks to Fall as Chip Selloff Gains Steam: Markets Wrap(Bloomberg) -- Asian equities were set for early declines following a selloff in technology stocks on concerns the US would impose tighter restrictions on...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise, yen gains after BoJ move; earnings and Fed in focusThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »