Japan leads Asia stock rally and dollar firms after strong US payrolls, positive.

From Investing.com: 2024-10-07 02:26:04

Asian stocks surged and the dollar hit a seven-week high against the yen following robust U.S. labor data that eased recession fears and trimmed rate-cut expectations. U.S. Treasury yields rose after a strong non-farm payrolls report showed the economy added the most jobs in six months in September. Israeli airstrikes in Lebanon and Gaza did not prevent Asian markets from rallying, with Japan’s Nikkei leading the gains. MSCI’s broadest index of Asia-Pacific shares climbed over 1%. Amid dollar strength, gold fell to $1,643 an ounce while crude prices slipped after last week’s biggest gains in over a year.



Read more at Investing.com: Japan leads Asia stock rally, dollar firms after blowout US payrolls By Reuters