Global stocks firm and dollar eases as Fed hike odds drop to 22% from 64%
AI Market Summary
Cooler U.S. jobs data and sharp downward revisions have driven a steep repricing of near-term Fed tightening odds, weakening the dollar and supporting risk assets and duration. Global equities opened firmer in Asia and index futures advanced, while Treasuries stabilized after the recent selloff. Dollar softness also supported gold, while oil stayed elevated on Middle East supply-risk headlines.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT+0.38%
AI Insight · NCSIDXY2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Revisions to U.S. employment data have heightened concerns that the labor market is weakening, prompting investors to sharply scale back expectations for a Federal Reserve rate hike this month. The implied probability of an increase has fallen to 22% from 64% a week earlier. The dollar slipped as global equities gained, with Japan’s Nikkei up 2% in early trade and Australian shares rising 0.5%. MSCI’s Asia-Pacific ex-Japan index edged higher, while spot gold added 0.3%.
