Asian markets jump as US rate cut hopes rise; Bitcoin bounces back

Business Nov 27, 2025

Asian stocks had a strong Thursday, thanks to growing optimism that the US Federal Reserve might cut interest rates soon.
Markets in Japan, South Korea, and Australia tracked Wall Street's gains, with the S&P 500 up 0.7% and Nasdaq 100 up 0.9%.
Traders are now betting on an 80% chance of a Fed rate cut next month and expect more cuts through 2026.

What else is moving?

The US dollar slipped for a third straight day while gold prices edged up.
Despite solid job numbers, hints from the Fed suggest a rate cut could be coming as early as December 10.
Meanwhile, Bitcoin made a big comeback—jumping past $90,000 after its recent slump—reflecting the upbeat mood across global markets.