Asian Stocks to Rise as Hike Bets Ease, Oil Climbs: Markets Wrap
Bloomberg 2026-10-04 22:17:26
Context: Asian stock markets are expected to open higher on October 4, 2026, following softer US jobs data that has eased pressure on the Federal Reserve to continue raising interest rates. The development has led to a decline in bets on further rate hikes. Meanwhile, oil prices have increased after Yemen launched an effort to regain control of areas held by Houthi forces.
Key Facts
- Asian stocks are poised to open higher after softer US jobs data reduced pressure on the Federal Reserve to raise interest rates.
- Brent crude oil prices rose following Yemen's bid to recapture Houthi-controlled areas.
- The softer US jobs data has eased pressure on the Federal Reserve to keep raising interest rates.