
Asian Markets Drift As US Jobs Data Dims Rate-Cut Hopes
Asian equities traded mixed on Wednesday as fresh US labour market data failed to revive expectations for another interest rate cut next month, while oil prices climbed following President Donald Trump’s order to block sanctioned Venezuelan tankers.
Investor sentiment across the region remained cautious after Federal Reserve officials signaled they were unlikely to lower borrowing costs for a fourth consecutive policy meeting. Lingering concerns over elevated technology valuations and the pace of returns from heavy investment in artificial intelligence continued to weigh on risk appetite.
Markets had been focused on the delayed release of key US non-farm payrolls data. Figures …















