Fed Rate Cut Optimism Boosts Sentiment, Yen Dives After Ishiba Resigns

GLOBAL MARKET - SINGAPORE. Stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan following the resignation of Prime Minister Shigeru Ishiba.

Gold prices held near a record-high while U.S. Treasury yields hovered close to five-month lows after data showed the world's largest economy created far fewer jobs than expected in August, with markets factoring in chances of a jumbo rate cut.