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Business & Economy10 outlets ran this5 min read

Asian markets rise on US jobs data, oil climbs over Gulf shipping delays

Investors watch US inflation report due Wednesday after Federal Reserve rate cut odds fall

AI-assisted coverage comparison, editor-supervised · How this was made

Published
Camera IconJapan's Nikkei index has risen after Wall Street closed at a record high. (EPA PHOTO) Credit: AAP

What this story says

  • Asian markets tracked Wall Street gains after a soft US jobs report lowered expectations of a near-term Federal Reserve rate hike.
  • Brent crude rose 0.9% to $US84.32 a barrel as shipping through the Strait of Hormuz remained restricted.
  • The US July consumer price report, due Wednesday, is expected to show a 0.1% headline rise and 0.2% core increase.
  • S&P 500 earnings per share rose 30% year-on-year, excluding gains at Alphabet and Amazon, with AI-related stocks leading growth.

Who covered it

Left 0%(0)Centre 44%(4)Right 56%(5)

Percentages are shares of the 9 outlets carrying a published leaning rating. 1 of the 10 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

74/100

Craft

58/100

Hype

20/100

10 sources · methodology

Thin on the left so far

None of the 9 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Asian share markets rose on 10 August 2026 after a weaker-than-expected US jobs report reduced fears of an immediate interest rate increase. Japan’s Nikkei gained 0.6%, South Korea’s market added 0.5%, and MSCI’s broadest Asia-Pacific index outside Japan edged up 0.3%.

Oil prices climbed as shipping through the Strait of Hormuz remained limited. Brent crude rose 0.9% to $US84.32 a barrel, while US crude increased 0.7% to $US78.74. Iran stated that a deal with Oman on new shipping lanes was nearly complete but insisted the waterway would not reopen until the US met additional conditions.

Investors turned their attention to the US July consumer price report, due on 12 August. Analysts expect a 0.1% rise in the headline figure and 0.2% for the core. A higher-than-expected reading could revive speculation of a Federal Reserve rate hike in September. The futures market now prices a 44% chance of a September move, down from 67% a week earlier.

Corporate earnings supported market sentiment. Nearly 90% of S&P 500 companies had reported results, with earnings per share up 30% year-on-year after excluding investment gains at Alphabet and Amazon. AI-related stocks led growth, with median earnings up 28% compared to 12% for non-AI stocks.

What the coverage left out

No left-rated outlet ran this story. None of the right-rated digests mentioned the 30% year-on-year rise in S&P 500 earnings per share, the 44% chance of a September Federal Reserve rate move, or the specific conditions Iran set for reopening the Strait of Hormuz.

Tags:#AsianMarkets#OilPrices#USInflation#FederalReserve#StraitOfHormuz#SP500Earnings

Still developing. We have re-checked which outlets are covering this 14 times, most recently on 10 Aug 2026, 05:30, and will add the sides that appear.

How other outlets pictured it

Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

A man walks in front of an electronic screen displaying Japan's Nikkei share average inside a conference hall in Tokyo, Japan, Apr 27, 2026. (File photo: Reuters/Issei Kato)
Channel News AsiaCentre

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

0 rated outlets

No outlet rated left has run this story so far. We are still checking, and will say plainly if that does not change.

Centre

4 rated outlets

  • The three centre-rated reports led on the soft US jobs data reducing rate hike risks. PerthNow and Channel News Asia both quoted JPMorgan’s Michael Feroli, who said a core CPI reading of 0.22% would likely not trigger a September Fed hike but warned that repeated prints near 0.3% could. Both outlets also highlighted the 30% year-on-year rise in S&P 500 earnings, excluding Alphabet and Amazon gains.
  • PerthNow’s report described the Strait of Hormuz situation as "Gulf confusion" in its headline and noted Iran’s conditions for reopening the waterway. Channel News Asia included the same detail, attributing it to Reuters. Both outlets carried the 44% chance of a September Fed move, down from 67% a week earlier.

Right

5 rated outlets

  • The four right-rated digests all mentioned the soft US jobs report and the rise in oil prices. The Times of India’s digest included the most detail, noting that investors were watching the upcoming US inflation data and that strong corporate earnings, particularly in AI, had boosted Nasdaq futures. Moneycontrol’s digest led with the 0.9% rise in Brent crude to $84.32 a barrel.
  • The West Australian’s digest was the shortest, stating only that MSCI’s Asia-Pacific index had edged higher. Free Malaysia Today’s digest framed the oil price rise as a result of "stalled Gulf peace talks." None of the right-rated digests mentioned the 30% S&P 500 earnings growth or the 44% chance of a September Fed move.

Read it at the source

10 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

0

No outlet in this group ran the story.

Centre

4

Right

5

Not rated

1

How did this read?

About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.

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Asian markets rise on US jobs data, oil climbs over Gulf delays | MediaBias News