Asian stocks drop as oil spike fans rate hike bets, eyes on US jobs
Asian stocks dropped Friday as investors grow increasingly concerned about surging oil prices and bond yields, while key jobs data later in the day will be pored over for an idea about the Federal Reserve's next interest rate move."Bond markets are now pricing in four further 25-basis-point rate hikes by June 2027," said FOREX.com's Fawad Razaqzada.
Asian stocks dropped Friday as investors grow increasingly concerned about surging oil prices and bond yields, while key jobs data later in the day will be pored over for an idea about the Federal Reserve's next interest rate move."Bond markets are now pricing in four further 25-basis-point rate hikes by June 2027," said FOREX.com's Fawad Razaqzada.
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