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Global Market Quick Take: Asia – April 5, 2024
Risk off mood gripped markets and some haven-buying was seen amid uncertainty over an Iran response. Oil prices jumped higher with Brent over $91/barrel, and USD, Japanese yen and Swiss franc also received a mild safety bid. Price action in Gold was more choppy after the recent run higher to $2,300. Fed commentary was incoherent with Kashkari calling for no rate cuts but Mester hinting at confidence in the start of the easing cycle, which squarely puts the focus on US jobs report today. table Equities: Another round of comments from Fed officials, being cautious about easing prematurely, including Minneapolis Fed's ... (full story)