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=, HEI, HXSCL, .SZI, .N225, .SPX, SMSD-GB, .DXY, .IXIC, .DJI, @CL.1, 2317-TW, NVDA, ITA, TDG, .SSEC, .AXJO, JPY=, HWM, ARM, .KS11, @LCO.1, .HSI,
Keywords: australia, arm holdings plc, shenzhen component index, shanghai, breaking news: asia, asia economy, usd/jpy, ice brent crude (apr'23), australian dollar/us dollar fx spot rate, prices, business news, s&p 500 index, wti crude (mar'23), dxy us dollar currency index, economic events, hang seng index, nikkei 225 index, kospi index, markets, world markets, breaking news: markets, nvidia corp, nasdaq composite, s&p/asx 200, dow jones industrial average,
Source: https://www.cnbc.com/2024/05/06/asia-markets-poised-to-climb-japan-and-south-korea-closed.html