TOKYO : Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling.
MSCI's broadest index of Asia-Pacific shares gained 0.82 per cent, rebounding after touching the lowest level since March 22 in the previous session. "What this does is it turns the attention to the incoming data and the Fed meeting this month," Attrill added. More closely watched employment data is due this week, with the ADP survey out later in the data, followed by the monthly non-farm payrolls report on Friday.
The dollar slipped to the lowest since May 25 at 138.96 yen early in the Asian session, but rebounded to by 0.24 per cent stronget at 139.655 approaching the European morning.
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