Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers

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Key Points

SINGAPORE (Reuters) Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting rates in the wake of yet another blowout jobs report...

Oil prices fell nearly 2% as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza, while gold prices slumped 1% after scaling record high on Friday as U.S. Treasury yields remain elevated...

Wall Streets main indexes closed higher on Friday after data showed U.S. job growth blew past expectations in March and wages increased at a steady clip, suggesting the economy ended the first quarter on solid ground...

The expected slip in core inflation is unlikely to bring back a possible June cut after last weeks solid data dented that chance, according to Kit Juckes, FX strategist at Societe Generale...

The changing expectations on the outlook for U.S. rates have lifted Treasury yields, with the two-year Treasury yield, which typically moves in step with interest rate expectations, up 4.2 basis points at 4.774%, the highest in nearly four months...

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