Asian Stocks to Fall Ahead of Key US Jobs Data: Markets Wrap – Bloomberg.com
Signs the US jobs market is sluggish, but not quickly deteriorating saw traders refraining from boosting bets on near-term Federal Reserve rate cuts, with stocks falling and bonds wavering.
A noisy reading reflecting some of the impacts of the longest government shutdown in US history was received by traders with caution. The S&P 500 fell for a third straight day. Treasury yields edged mildly down as swaps implied only 20% odds of a January Fed cut. A reduction is fully priced in by mid-2026.
