Market watch APAC
US and European markets finished firmly in the green, with the S&P 500 notching up a fresh record high after softer than expected employment data supported the case for rate cuts in the US in the next few months.
Key US non-farm payrolls data printed higher than market expectations, but there were significant downward revisions to prior months.
US bond yields were lower, and the US dollar also lost ground falling to a fresh three-week low of 104.83 on the USD Index.
The AUD continued its rally, climbing to its highest level since early January this year, on the basis that markets don’t expect a rate cut until December 2025.
The MSCI World index set a new record Friday, while on Friday, the ASX 200 slid 0.1%.
