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International Business Times
International Business Times
Business
AFP News

Asian Markets Track Wall St Record As US Jobs Fuel Rate Cut Hopes

Traders are in a bullish mood as signs of a softening US jobs market boost hopes for an interest rate cut by the Federal Reserve (Credit: AFP)

Asian markets extended a surge on Wall Street Thursday as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates this year.

Worries about the world's top economy sparked by a below-par factory gauge earlier this week appear to have been superseded by renewed optimism that an extended period of elevated borrowing costs is finally kicking in.

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