{"id":71954,"date":"2025-10-02T17:22:25","date_gmt":"2025-10-02T07:22:25","guid":{"rendered":"https:\/\/www.icmarkets-vnk.com\/blog\/?p=71954"},"modified":"2025-10-02T17:22:25","modified_gmt":"2025-10-02T07:22:25","slug":"thursday-2nd-october-2025-asian-markets-rise-on-fed-rate-cut-hopes-despite-u-s-shutdown","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/thursday-2nd-october-2025-asian-markets-rise-on-fed-rate-cut-hopes-despite-u-s-shutdown\/","title":{"rendered":"Thursday 2nd October 2025: Asian Markets Rise on Fed Rate Cut Hopes Despite U.S. Shutdown"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite up 0.52%, Hang Seng up 1.47% ASX up 1.08%<\/li>\n\n\n\n<li>Commodities : Gold at $3,887.90 (-0.18%), Silver at $47.280 (-0.7%), Brent Oil at $65.59 (0.4%), WTI Oil at $62.09 (0.4%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.106, UK 10-year yield at 4.6980, Germany 10-year yield at 2.7134<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) ADP Non-Farm Employment Change -32K&nbsp; to 52K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p><br \/>Asian markets are trading mostly higher on Thursday, mirroring overnight gains on Wall Street, as optimism grew over the outlook for U.S. interest rates after a report showed an unexpected drop in private sector employment for September. Projections of further rate cuts this year and into next year strengthened market sentiment. Asian stocks had ended mixed on Wednesday.<\/p>\n\n\n\n<p>According to CME Group\u2019s FedWatch Tool, traders now see a 99% chance of a 25-basis-point cut and a slim 1% probability of a 50-basis-point cut at the Federal Reserve\u2019s late-October meeting. Meanwhile, the U.S. government entered an official shutdown after lawmakers failed to pass a short-term spending bill, though analysts note shutdowns have historically had limited market impact. The release of Friday\u2019s monthly U.S. jobs report may also be delayed.<\/p>\n\n\n\n<p>In Australia, the S&amp;P\/ASX 200 jumped over 1% to 8,941, led by strong gains in miners, energy, technology, and gold stocks. Rio Tinto, BHP, and Mineral Resources rose between 2% and 3%, while Block and Appen gained nearly 3% and 4% respectively.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 advanced 0.28% to 44,676, snapping a four-session losing streak, lifted by technology stocks including Tokyo Electron and Advantest, though automakers and exporters lagged. South Korea rose 3%, while Hong Kong, Singapore, and Taiwan gained more than 1%. China remained closed for the National Day holiday.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tentative GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asian markets are trading [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-71954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/71954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=71954"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/71954\/revisions"}],"predecessor-version":[{"id":71959,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/71954\/revisions\/71959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=71954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=71954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=71954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}