Stocks, bonds, and major currencies remained stable as traders awaited US jobs data that could influence the Federal Reserve’s rate cut decision. Asian markets showed minimal movement, with Japan fluctuating and Australia steady. The nonfarm payroll report is expected to provide insights into the US labor market’s health.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of
March 10, 2025