Asia markets set to open mixed after Wall Street gains on cooler-than-expected jobs data and rate-cut hopes
CNBC·2025-12-03 23:59
Asia-Pacific markets opened mixed Thursday, after Wall Street gained on the latest jobs data that raised hopes the Federal Reserve could cut interest rates next week.Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the 40,000 increase expected by economists polled by Dow Jones.Markets are pricing in an 89% chance of a cut when the Federal Reserve meets on Dec. 9-10, significantly higher than rate-cut bets just a c ...