Asian Stocks Set to Waver After Tepid US Jobs Data: Markets Wrap
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Stocks in Asia were set for a mixed open, tracking moves on Wall Street after sluggish US jobs data did little to boost bets on further interest-rate cuts from the Federal Reserve. Oil dropped to its lowest in almost five years.Futures for equity benchmarks in Sydney and Hong Kong pointed to slight declines, while Tokyo was set to open higher. The S&P 500 fell for a third day, while the Nasdaq 100 added 0.3% — buoyed by a 3.1% gainBloomberg Terminal in Tesla Inc. to an an all-time high. Treasury yields and the dollar slipped. Brent crude slumped almost 3% to its lowest close since February 2021.