Asian shares subdued as jobs data raises odds of Fed rate hike
Some analysts see a disconnect between the Fed's likely path and market expectations.
Source: reuters.com
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U.S. yields climb, S&P futures close higher after jobs report
U.S. Treasury yields climbed and U.S. index futures closed modestly higher after employment data for March indicated the labor market remains tight, but was largely in line with market expectations.
Source: reuters.com
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Oil prices surge on output cut, take gloss off US inflation
Oil prices surged after OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
Source: reuters.com
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Bank relief and Alibaba plans nudge stocks higher
Asian stocks rose on Thursday with fears easing on the banking front and the prospect of a break-up at Chinese conglomerate Alibaba offering an encouraging sign that Beijing's regulatory storm focused on tech companies might finally be clearing.
Source: reuters.com
Asian stocks rally as banking anxiety eases; Alibaba surges
Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's stock soared on the internet behemoth's plans to split into six units.
Source: reuters.com