• Stocks in Asia are set to rise as a further US labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession, spurring Treasuries to resume their rally.
• Australia’s equity benchmark rose and futures pointed to gains in Japan and Hong Kong after the S&P 500 closed little changed. Benchmark US 10-year yields that briefly topped 5% in October broke below 4.2% on Tuesday, following data showing job openings hit the lowest since 2021. Australian bonds surged in early trading.
• The Job Openings and Labor Turnover Survey — known as JOLTS — trailed all estimates in a Bloomberg survey of economists. The data came a few days before the key payrolls report — currently forecast to show employers added 187,000 jobs in November.