Asian stocks rally on strong US jobs report, optimism from Federal Reserve, Chinese stimulus measures

From Yahoo Finance: 2024-10-06 22:03:04

Asian stocks rose after strong US payroll data showing a healthy economy. Benchmarks in Asia went up, driven by optimism from the US Federal Reserve’s likely stay on interest-rate cuts. Yields on US 10-year Treasury hovered near 4%. China’s markets will reopen after a week-long holiday. Chinese authorities announced stimulus measures. Some firms are cautious about the Chinese equities rebound. New Zealand and South Korea anticipate rate cuts. Oil prices dipped on tensions between Israel and Iran. Germany may revise its growth forecast. Data on inflation and earnings season starts this week.



Read more at Yahoo Finance: Asian Stocks Rally as Jobs Report Boosts Sentiment: Markets Wrap