People walk in front of an electronic board showing a share price of the Nikkei index of the Tokyo Stock Exchange in Tokyo on April 5, 2024.HONG KONG, China — Asian markets fluctuated Monday as traders weighed the chances of the Federal Reserve cutting interest rates this year after a forecast-busting US jobs report dented hopes for a first move in June.
The CPI "will be a bigger test of whether the recent inflation bump is a trend or not", said Saxo's Redmond Wong, referring to bigger-than-expected inflation figures at the start of the year. The report said there was "significant progress being made on several contentious points of agreement", citing a high-ranking Egyptian source.
The sliver of hope for a halt to fighting weighed on oil prices Monday, with both main contracts down more than one percent.
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