Most Asia stocks rally as 'Goldilocks' jobs data ease rate fears
Most stocks rallied Monday after a big miss on US jobs creation gave the Federal Reserve breathing room to hold off an interest rate hike this month, while traders were also cheered by another drop in oil prices that eased inflation concerns.Expectations that interest rates would be lifted at least once more this year -- after September's hike -- have sent government borrowing costs soaring, with 10-year US Treasury yields last week hitting a 24-year high.
Most stocks rallied Monday after a big miss on US jobs creation gave the Federal Reserve breathing room to hold off an interest rate hike this month, while traders were also cheered by another drop in oil prices that eased inflation concerns.Expectations that interest rates would be lifted at least once more this year -- after September's hike -- have sent government borrowing costs soaring, with 10-year US Treasury yields last week hitting a 24-year high.
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