Asian markets saw gains on Friday after positive US employment and spending data eased recession worries. Japan, Australia, and South Korea benefited from improved US retail sales and lower jobless claims. US stock indices, including the S&P 500, continued their upward trend. Analysts believe this reflects reduced fears of a recession, aided by potential Federal Reserve rate cuts.
US assets decline amid tariff, Fed consternation
The dollar weakened against its major peers with euro among the outperformers. The yen climbed to the strongest level against the greenback since September. Treasuries
April 21, 2025