Asian markets swing as traders prepare for US jobs data
Hong Kong (AFP) Sept 6, 2024
Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy. As a rollercoaster week drew to a close, debate centred on the Federal Reserve's plans for interest rates when it meets in less than a fortnight, with most observers expecting a 25-basis-point cut.
Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy. As a rollercoaster week drew to a close, debate centred on the Federal Reserve's plans for interest rates when it meets in less than a fortnight, with most observers expecting a 25-basis-point cut.