Asian stocks are hovering near record highs. Investors await key US jobs data. Weak retail sales have increased expectations for Federal Reserve rate cuts this year. Treasury futures are holding gains. Gold prices are edging up. The US jobs report and inflation figures will provide clues on future rate paths. Tech firms’ AI spending is a concern.
SpaceX IPO is said to be well oversubscribed, orders close Wednesday
SpaceX’s initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional investors, with pricing