Asian markets build on rally as US jobs data boost rate cut hopes
Tuesday, 7 May 2024 () Hong Kong (AFP) May 6, 2024
Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support. A tech rally saw the Nasdaq lead Wall Street up after Friday's non-farm payrolls figures, which helped soothe concerns that forecast-busting inflation figures at
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
On the morning of May 15, both the S&P and the
Nasdaq hit all-time highs after new data suggested
inflation may be easing..
Credit: Wibbitz Top Stories Duration: 01:30Published
Tuesday, 7 May 2024 ()
![Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024 [Video]](https://video.newsserve.net/300/v/20240515/1375566508-Stock-Markets-Rally-Amid-Investor-Hopes-for-Interest.jpg)
