Market sentiment remains supported despite weak U.S. jobs data, according to


©Reuters. – Asia-Pacific stocks are set to start the week on a positive note as U.S. investors view the recent slowdown in equity markets as a sign that interest rates may have peaked.

The index was up 0.3% as of 10:15am EDT (11:00pm GMT).

It rebounded on Friday to post its biggest weekly gain since November 2022. This comes after the latest monthly employment report showed that the Federal Reserve’s interest rate hikes were bearing fruit and were as effective as expected.

It was also up about 200 points, or 0.7%, on Friday, while rising 1.4%. Both indexes posted their biggest weekly percentage gains this year.

The October jobs report showed hiring activity slowed last month. Employers added 150,000 jobs in October, half of last month’s gain and below economists’ expectations. The unemployment rate rose to 3.9% and wage growth slowed.

Commodity markets fell 2.3% to $84.89 a barrel and rose 0.4% to $1,992.65 a barrel.

In the bond market, the Australian government bond yield fell to 4.34%, and the yield also fell to 4.72%. U.S. Treasury yields fell, with a yield of 4.84% and a yield of 4.57%.

Copper prices were steady at 65.11 cents. Meanwhile, 105.1.

In China, stocks closed higher, led by robotics companies, as hopes grew for possible government support as the government pushes to develop its humanoid robot industry. However, banking and real estate stocks fell.

Hong Kong stocks also ended higher, lagging Wall Street’s gains overnight as investors bet the Fed’s interest rate hikes are over. Healthcare and technology stocks led the gains.

In India, stocks closed higher on positive global signals. Investor sentiment got a boost after the Federal Reserve extended its pause on interest rate hikes, raising hopes that the global central bank policy tightening cycle is coming to an end.

European stocks were mixed as losses in oil stocks offset investor optimism over weaker-than-expected U.S. non-farm payrolls data.


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