Asian shares edge up, treasuries rise on weak US jobs data
Well, turns out the best time to buy stocks is when America's job market decides to take an unplanned vacation. Nothing says 'economic strength' like weak payroll data sending traders into a Fed-rate-cut feeding frenzy faster than you can say 'recession fears.' It's the market equivalent of celebrating a bad report card because it means fewer homework assignments—technically good news wrapped in a pretty bow of economic malaise.[2][4]
When private-sector payrolls increased by only 42,000 in October, it set off a chain reaction across global markets that traders have been craving since summer. Asian equities climbed alongside Wall Street as investors repositioned themselves around the growing consensus that the Federal Reserve will cut rates soon, with money markets pricing in a 70% probability of a reduction next month.[2][4] Treasury yields fell, gold steadied, and the 10-year declined nearly five basis points to 4.08-4.37% depending on the market, creating the kind of synchronized global rally that usually requires either excellent news or terrible news—in this case, it's definitively the latter masquerading as the former.
