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International Business Times
International Business Times
Business
AFP News

Asian Markets On Front Foot As US Jobs Data Provide New Rate Cheer

United States Asia the Federal Reserve US Federal Reserve Interest Rates
Data showing a fall in US job openings indicated the labour market was softening, giving fresh hope that the Federal Reserve could cut rates soon (Credit: AFP)

Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

The below-forecast job openings figure bolstered optimism ahead of the closely watched non-farm payrolls report due Friday, which investors hope will confirm the economic slowdown sought by the central bank.

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