💨 Abstract

Asian shares declined while the dollar held near 14-month highs as a robust U.S. jobs report pushed up bond yields and tested equity valuations during the start of earnings season. The strong jobs data raised concerns about U.S. rate cut prospects, particularly if consumer price figures on Wednesday show a higher-than-forecast increase. Additionally, a spike in oil prices due to supply concerns from Russia added to market volatility.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖