{"id":7068,"date":"2025-09-10T10:16:07","date_gmt":"2025-09-10T10:16:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/7068\/"},"modified":"2025-09-10T10:16:07","modified_gmt":"2025-09-10T10:16:07","slug":"asian-markets-enjoy-record-day-as-new-us-jobs-data-fans-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/7068\/","title":{"rendered":"Asian markets enjoy record day as new US jobs data fans rate cut hopes"},"content":{"rendered":"

HONG KONG: Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a weakening United States jobs market ramped up expectations for a series of Federal Reserve rate cuts.<\/p>\n

Eyes are now on the release of inflation figures that could help guide the US central bank’s decision-making for the rest of the year.<\/p>\n

Figures on Tuesday showed that the Bureau of Labor Statistics had revised down the number of new jobs in the 12 months through March by a record 911,000, suggesting the economy was slowing quicker than thought.<\/p>\n

The reading came after news on Friday of another big miss on August’s non-farm payrolls report<\/a>.<\/p>\n

Fed boss Jerome Powell last month indicated cuts were in the pipeline, having batted away long-running pressure from US President Donald Trump<\/a> to do so owing to worries about stubbornly high inflation.<\/p>\n

Analysts said the only question was now how big a reduction would be made at the bank’s policy meeting next week.<\/p>\n

“The punchy revision will only accelerate the pressure on the Fed to ease in September, and throughout the balance of 2025,” said Chris Weston at Pepperstone.<\/p>\n

“While expectations could evolve if we get a benign core (consumer price index) print, at this stage, the Fed is far more likely to cut by 25 basis points and to guide with a strong bias that more cuts are to come in the months ahead.”<\/p>\n

After all three main indexes on Wall Street ended at record highs, Asia continued the positive run on Wednesday with tech firms among the best performers.<\/p>\n

Tokyo ended at an all-time high, as did Seoul, where South Korean traders were hopeful the government would not implement a proposal to lower the capital gains tax threshold for stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG: Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day…\n","protected":false},"author":2,"featured_media":7069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[337,114,184,4318,85,46,1659,5268,1032],"class_list":{"0":"post-7068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia","9":"tag-business","10":"tag-economy","11":"tag-federal-reserve","12":"tag-il","13":"tag-israel","14":"tag-job","15":"tag-stocks","16":"tag-united-states"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/7068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=7068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/7068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/7069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=7068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=7068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=7068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}