Latest news with #JobsData
Bloomberg
04-07-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: US Jobs Report Buoys Sentiment; Treasury Secretary Scott Bessent
Asian equities were set to climb Friday following fresh highs for US stocks as strong jobs data eased concerns the economy slowing down. Treasuries fell and the dollar rose Thursday in a sign traders see less pressure on the Federal Reserve to cut interest rates after US jobs growth exceeded expectations in June. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. We get reaction from Rob Haworth, Senior Vice President and Senior Investment Strategy Director at U.S. Bank Asset Management Group. Plus - US markets closed prior to the House passing President Donald Trump's tax bill that had weeks earlier sparked concerns over rising deficits. Separately, Trump also said his administration may begin sending out letters to trading partners as soon as Friday setting unilateral tariff rates ahead of a July 9 deadline for negotiations. Before the vote, we heard from Treasury Secretary Scott Bessent. He spoke with Bloomberg's Romaine Bostick and Matt Miller.
Bloomberg
03-07-2025
- Business
- Bloomberg
Asian Equities to Rise as US Jobs Buoy Sentiment: Markets Wrap
Asian equities were set to climb Friday following fresh highs for US stocks as strong jobs data eased concerns the economy slowing down. Equity index futures for Japan and Australia rose, while those for Hong Kong were fractionally lower. The S&P 500 gained 0.8% and the Nasdaq 100 advanced 1% Thursday, leaving each index at the highest closing level on record in a shortened session ahead of Friday's Independence Day holiday. Contracts for US stocks were little changed in early Asian trading.
