💨 Abstract

Asian stocks rose and the U.S. dollar strengthened against the yen on Monday following strong U.S. job data, which alleviated recession fears and decreased rate-cut bets. The U.S. added more jobs than expected in September, causing short-term Treasury yields to increase. Crude oil prices eased despite conflict in the Middle East. Japan's Nikkei led regional equity gains, while the euro weakened against the dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖