Stock market today: Asian shares surge after Wall St gains on signs the US jobs market is cooling
Stocks were higher in Asia on Monday after Wall Street was boosted by a report that signaled the US jobs market, while still healthy, is showing some signs of cooling. That supported investors’ hopes that the Federal Reserve may soon ease up on its campaign to slow the U.S. economy by raising interest rates. “It appears that global markets are primed to be smitten with the idea of a ‘Nirvana’ Fed tightening outcome, entailing the ‘immaculate dis-inflation’ that does not cause employment pain,” Tan Boon Heng of Mizuho Bank said in a commentary. Fresh stimulus from China’s financial regulators for