Stocks Upbeat, Dollar Wobbles on Fading Fed Hike Bets
Global stocks advanced while the dollar weakened and bonds steadied as investors scaled back expectations for aggressive Federal Reserve monetary tightening following softer-than-expected US jobs data.
Stocks started Monday on a firm note, while the dollar slipped and bonds were steady as investors pared bets on an aggressive Federal Reserve tightening cycle after cooler-than-expected US jobs data. Trading was light in Asia with holidays in China and South Korea.