Asian stocks and U.S. equity futures rose Monday after a volatile week, with Japan’s Nikkei up 3.5% and Taiwan’s benchmark gaining more than 6%. The dollar strengthened after a jobs report lifted market expectations of a December Fed rate hike to nearly 80%.
Asia-Pacific shares outside Japan rose 2% on Monday after falling 4.6% last week. Japan’s Nikkei gained 3.5%, Korean shares rose 1.8%, and Taiwan’s benchmark advanced more than 6%; S&P 500 futures were up 0.6%.
Tech earnings from CoreWeave, Applied Materials and Cisco Systems are due this week, as investors assess the costs and profitability of AI investment. Brent crude fell to $98.20 a barrel after U.S. President Donald Trump said fresh attacks on Iran were highly unlikely while talks to end the conflict progress.
U.S. employers added 165,000 jobs last month, more than twice economists’ expectations, strengthening bets on a December rate increase. Markets put the chance of a hike of at least 25 basis points at nearly 80%, while investors awaited Tuesday’s U.S. CPI report. The dollar index last traded at 102.2.
