HONG KONG – Asian markets rallied Friday following a record-breaking finish on Wall Street as traders keenly await a key US jobs report that is expected to reaffirm the recovery in the world’s top economy is blasting ahead.
And in a further sign that the global reflation trade is on track, iron ore prices hit an all-time high, while copper — a yardstick of economic health — is just short of its own peak as demand surges for commodities, particularly from China.
The US jobs figures due later Friday are a major economic indicator and come a day after a forecast-beating reading on unemployment benefits that showed claims fell to their lowest since the coronavirus struc…
Keep on reading: Asian markets rally on US outlook, iron ore at record high