Asian stocks slump as traders dial back rate cut bets

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Key Points

SINGAPORE (Reuters) Asian shares fell on Monday and the dollar climbed after a robust U.S. jobs report dashed any expectations of a near-term interest rate cut from the Federal Reserve, while stocks in China stocks remained on the back foot on weak sentiment...

Oil prices were tentative following fresh strikes in Tehran-aligned factions in Iraq, Syria and Yemen over the last two days by the United States, with rising tension in the Middle East keeping risk appetite in check...

Data on Friday showed U.S. job growth accelerated in January and wages increased by the most in nearly two years, signs of persistent strength in the labour market that could push the Fed to start its easing cycle a bit later in the year than markets anticipated...

The U.S. central bank can be prudent in deciding when to cut interest rates, with a strong economy allowing central bankers time to build confidence inflation will continue falling, Fed Chairman Jerome Powell told the CBS news show 60 Minutes...

Even before the labour market data, the Federal Open Market Committee (FOMC) meeting last week signalled little appetite for early or aggressive cuts, analysts at Barclays said in a note...

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