Asia markets mixed as stong US jobs data temper rate expectations
Market Intelligence Analysis
AI-PoweredAsia markets are experiencing mixed trading as investors adjust their expectations for US interest rate cuts following a strong US jobs report, pushing back rate cut expectations to July from June.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
Stocks were mixed on Thursday as investors weighed a bumper US jobs report that eased concerns about the state of the world's top economy but forced them to pare back their bets on Federal Reserve interest rate cuts."Following the data, the markets have pushed back on expectations for the next rate cut by the Federal Reserve to July, compared to June previously."
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