Asia shares see pockets of gains, China PMI tops forecasts
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Asian share markets started quietly on Sep 2, 2024; investors await US jobs report on Sep 6 that may influence Federal Reserve rate cuts; dollar maintains gains from previous week; futures indicate 100% chance of 25 basis points cut on Sep 18, 33% chance of 50 basis points; analysts expect 165,000 job rise and unemployment rate drop to 4.2%; Barclays economist Christian Keller notes risks of a weak report could prompt deeper cuts; Asian markets mostly followed Wall Street's rally; Japan's Nikkei rose 0.5%, MSCI Asia-Pacific index remained stable; Caixin manufacturing PMI for China rose to 50.4 in August, surpassing expectations; Brent crude fell to $76.51 per barrel; gold prices at $2,497 per ounce.

#Asia #Markets #China #Pmi #FederalReserve #JobsReport #Economy #Dollar #OilPrices #Gold

https://www.brecorder.com/news/40320403/asia-shares-see-pockets-of-gains-china-pmi-tops-forecasts 

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