Asian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic for a series of US interest rate cuts this year, with attention now on crucial jobs data due later in the day.
Investors are keenly awaiting the release of crucial US jobs data due later in the day. Photo: SCOTT OLSON / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
His remarks were echoed by Cleveland Fed chief Loretta Mester, who was also keen to make sure the bank continued to rein in prices. Focus is now on the US non-farm payrolls figures due later in the day, which analysts said will have a big bearing on markets. "Bad news will be good news in this regard, with rising confidence in lower rates currently in the global markets driving seat."The yen extended its gains to hit a one-month high of 147.53 to the dollar as the shift to lower US rates comes as bets increase on the Bank of Japan finally moving away from its long-running ultra-loose monetary policy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks drop after global markets fall on tech sell-offAsian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies. Traders were underwhelmed and global equities wobbled.
Read more »
Broos 'in talks' with European club for new roleBroos 'in talks' with European club for new role
Read more »
Load shedding on FRIDAY – here is the updated scheduleEskom said that load shedding will be implemented on FRIDAY. Here is your UPDATED schedule for the load shedding.
Read more »
Egypt builds wall and clears land near Gaza borderEgypt has built more than 3km of wall in the past week in addition to further clearance of a large area next to its border with Gaza, BBC Verify has found. It comes after Israel warned it is preparing for a ground offensive in Gaza's southern city of Rafah.
Read more »
Pleasant with plenty of sunshine - Friday weather forecastToday has been forecast to reach a nice 25ºC alongside a very high UV Index of nine. Wind speeds will travel at 13kph in a south-westerly direction, and gusts could reach up to 39kph.
Read more »
WATCH: Elderly, businesses without power since FridayBreaking local news in Boksburg
Read more »