Asia markets start momentous month on cautious side, US payrolls awaited

Asian markets started a likely momentous month on the cautious side, with shares mostly lower and Treasury yields near three-month highs on Friday, while investors wait for U.S. payrolls data, although a rate cut next week is largely baked in. Investors are awaiting Friday’s nonfarm payrolls report, ahead of Tuesday’s U.S. presidential election and Federal Reserve’s policy meeting a day later. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3% and was down 1.9% for the week.Read More