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Asia stocks track Wall Street gains as softer-than-expected U.S. jobs data fuels rate cut hopes - TL;DR CNBC

Asia stocks track Wall Street gains as softer-than-expected U.S. jobs data fuels rate cut hopes

Publishing timestamp: 2024-05-06 03:38:37


Summary

Asia-Pacific markets tracked Wall Street gains on hopes of rate cuts by the Federal Reserve. Australia's RBA rate decision and China's trade data awaited. Stocks in the US surged after softer-than-expected jobs report. Indonesia's GDP grew faster than expected. Foxconn's revenue rose. Japanese yen faces resistance against USD. China's services activity slowed slightly. Big Tech names like Nvidia are benefiting from AI boom. Goldman Sachs refreshed its top global stock picks list. ETF reached highest intraday price. Japanese yen set to end best week in over a year despite interventions by authorities.


Sentiment: MIXED

Tickers: AUD=HEIHXSCL.SZI.N225.SPXSMSD-GB.DXY.IXIC.DJI@CL.12317-TWNVDAITATDG.SSEC.AXJOJPY=HWMARM.KS11@LCO.1.HSI

Keywords: australiaarm holdings plcshenzhen component indexshanghaibreaking news: asiaasia economyusd/jpyice brent crude (apr'23)australian dollar/us dollar fx spot ratepricesbusiness newss&p 500 indexwti crude (mar'23)dxy us dollar currency indexeconomic eventshang seng indexnikkei 225 indexkospi indexmarketsworld marketsbreaking news: marketsnvidia corpnasdaq composites&p/asx 200dow jones industrial average

Source: https://www.cnbc.com/2024/05/06/asia-markets-poised-to-climb-japan-and-south-korea-closed.html


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