Japan leads Asia stock rally, dollar gains after blowout US payrolls
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Asian stocks rallied on October 7, 2024, led by Japan's Nikkei which rose 2%; US labor data showed 336,000 jobs added in September, the most in six months; US dollar reached a seven-week peak at 149.10 yen; short-term US Treasury yields increased; bets for a 50-basis-point rate cut by the Federal Reserve were erased, with 95% odds now on a quarter-point cut; crude oil prices eased after reaching a one-month peak; Kyle Rodda from Capital.com noted market focus on economic growth and future earnings.

#Asia #Stocks #Dollar #UsPayrolls #EconomicData #Nikkei #TreasuryYields #CrudeOil #MarketAnalysis #FederalReserve

https://www.brecorder.com/news/40325875