The Singapore dollar weakened marginally against its U.S. counterpart in the Asian session on dimmer Fed rate-cut prospects.

Gold edged lower in early Asian trade. Strong U.S. jobs data has lowered the pressure for bigger Fed rate cuts.

JGBs slip in the morning Tokyo session, tracking Friday’s price declines in U.S. Treasurys spurred by the blockbuster U.S. jobs report that erased the probability of another large Fed rate cut next month.

Oil fell in early Asian trade. Sentiment will likely remain weak, given seasonal trends, while tensions in the Middle East will slightly offset this, ANZ said.

Goldman Sachs upgraded China equities to overweight and sees another potential upside of 15%-20% after China’s aggressive stimulus package triggered a powerful rally.

The drugmaker’s shares have slumped as demand for Covid-19 vaccines and treatments has slowed.