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International Business Times
International Business Times
Business
AFP News

Asian Stocks Extend Gains, Dollar Dips As US Data Builds On Rate Hope

Traders will be following the UK general election Thursday, in which the Labour Party of Keir Starmer (L) is expected to win a landslide against Prime Minister Rishi Sunak (R) and his Conservative Party (Credit: AFP)

Asian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.

The advances tracked another record on Wall Street on a holiday-shortened day, while national elections in Britain and France are also on the radar over the next few days.

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