Asia stocks climb after softer U.S. jobs report cools October Fed hike odds below 25%
AI Market Summary
Softer US payrolls and slower wage growth reduced near-term Fed hike pressure, lifting Asia ex-China equities and supporting US equity futures after Nasdaq's record close. However, long-end rates remain elevated and Treasury supply (10- and 30-year auctions) is a near-term risk, with September FOMC minutes likely to clarify inflation sensitivity. The mix favors risk assets tactically while rate volatility stays high.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT-0.22%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
● Neutral
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Asia-Pacific equities advanced after a softer U.S. jobs report, with the unemployment rate rising to 4.2% and money markets pricing less than a 25% chance of a Fed rate hike in October. MSCI’s Asia Pacific index gained 0.4%, while Japan’s Nikkei 225 rose 2.03% and the broader Topix added 1.11%. The Federal Reserve is scheduled to publish minutes from its September meeting on October 7, which may shed light on how policymakers view inflation trends.
