WS #11493
Weak US payrolls data and falling oil prices have reduced the probability of a Fed rate hike in July to 22%, with futures pricing a 78% chance of a hold, supporting risk assets. Asian shares mostly firmer with Seoul KOSPI up 2.45% led by tech, as falling oil prices and diminished rate hike risk boost sentiment ahead of earnings season.
Fed Rate Hike Expectations Cool
Weak US payrolls data and falling oil prices have reduced the probability of a Fed rate hike in July to 22%, with futures pricing a 78% chance of a hold, supporting risk assets.
Asian shares mostly firmer with Seoul KOSPI up 2.45% led by tech, as falling oil prices and diminished rate hike risk boost sentiment ahead of earnings season.