Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labor market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month.
The closely watched report also showed that annual wage gains slowed but remained too high to be consistent with the U.S. central bank’s 2 percent inflation target.
Markets are now pricing in 66 percent chance of the Fed raising interest rates by 25 basis points in its May 2-3 meeting, according to CME FedWatch tool. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at -57.7 basis points.
The euro was up 0.05 percent to $1.0902, while sterling was last trading at $1.2416, up 0.02 percent on the day.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal judge in Texas blocks abortion pill in USWASHINGTON, United States -- A federal judge in Texas overturned the two-decade-old approval of a safe and effective abortion pill on Friday, the latest volley in a conservative battle against reproductive rights in the United States.
Read more »
Federal judge in Texas blocks abortion pill in USA federal judge in Texas overturned the two-decade-old approval of a safe and effective abortion pill on Friday, the latest volley in a conservative battle against reproductive rights in the United States.
Read more »
Alcantara, Chinese partner fall in ITF Singapore finalsFrancis Casey Alcantara and partner Sun Fajing fall short of the ITF M15 Singapore crown after bowing to Igor Sijsling of the Netherlands and Justin Barki of Indonesia in the finals.
Read more »
BI stops 5 human trafficking victims from boarding flight to SingaporeBureau of Immigration (BI) officers at the Davao International Airport have stopped five Filipinos from boarding their flight to Singapore on strong suspicion that they were human trafficking victims. | ManilaBulletin
Read more »
Russia charges Wall Street Journal reporter Gershkovich with espionageRussian Federal Security Service investigators have formally charged Evan Gershkovich with espionage but the Wall Street Journal reporter denied the charges and said he was working as a journalist, domestic news agencies said. | Reuters
Read more »
PH exports first batch of durian to ChinaThe Philippines has shipped its first batch of durian to China as part of the implementation of a bilateral deal signed with the East Asian giant in January, the Department of Agriculture (DA) said on Saturday.
Read more »