Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
A pedestrian walks past an electronic quotation board displaying share prices of the Nikkei 225 Index and other Asian stock markets in Tokyo on February 26, 2020.HONG KONG, China —
The news ramped up bets on the Fed cutting rates in September while investors also lifted their outlook on how many there would be, though the two priced in are still well short of the six envisaged at the start of the year. Shanghai was the standout performer as mainland investors returned from a long break to play catch-up with a global rally over the past few days.
"More material support via larger-than-expected fiscal spending and additional help for the property market would go a long way to materially improve sentiment in China." Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will...
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