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Asian markets must wait over the weekend to trade on U.S. December employment data, the first globally significant economic release of 2024 that comes out after they close on Friday. That underpinned the dollar, especially against the yen which also had a Nikkei selloff, an earthquake and a deadly aircraft collision to reckon with on its first day back from a holiday break. The question for financial markets is whether Friday's nonfarm payrolls release solidifies current futures betting on five or more rate cuts by the Fed, starting in March.

Alden bentleyJudith raneriDavid randallNational employmentAmericas breaking news editorWall street