Asian Markets Edge Up As Traders Weigh US Jobs Data
Written by Black Hot Fire Network on April 10, 2023
Asian equities rose Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession.
The closely watched non-farm payrolls reading on Friday followed a string of figures last week showing the world's top economy was slowing down and dented investor sentiment.
Focus is now on the release of inflation figures later this week, which will play a crucial role in the Fed's decision-making when it meets early next month.
While rates . . .
