Asia markets start big month on cautious footing as US jobs data looms

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SYDNEY: Asian markets started what could be a momentous month warily, with shares mostly lower and Treasury yields near three-month highs on Friday, while investors wait for U.S.jobs data, although a rate cut next week is largely baked in.

That partly reversed its near 1% decline overnight as less dovish comments from Bank of Japan Governor Kazuo Ueda kept the door open for a year-end rate hike and pushed up the yen.

Following their overnight selloff, Nasdaq futures rose 0.5% thanks to a 5.3% jump in Amazon after the bell, which added $104 billion to its market cap.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIraqIsraelJapan

Topics: Equities /Business/Business News Markets Commodities Economy Trading Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 14:37:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 615 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23361821

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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