--- title: "Asian markets rise on US jobs data, oil climbs over Gulf shipping delays" publication: "MediaBias News" url: "https://mediabias.news/business/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays" api: "https://mediabias.news/api/v1/stories/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays" markdown: "https://mediabias.news/business/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays.md" audio: "https://mediabias.news/api/audio/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays" category: "Business & Economy" area: "Asia-Pacific" published: "2026-08-10T02:05:28.975Z" source_reported: "2026-08-10T01:12:25.000Z" updated: "2026-08-10T02:05:28.975Z" trust_score: 74 critic_score: 58 hype_score: 20 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-08-10T05:30:13.317102+00:00" --- # 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* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 74 of 100, higher is better. Two full reports and five digests corroborate key facts. - Craft 58 of 100, higher is better. Reports lack direct quotes from multiple sources. - Hype 20 of 100, lower is better. Headlines reflect the substance of the reports. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - 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. 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. ## Who covered it Shares of the 9 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 44% (4) - Right: 56% (5) 1 of 10 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-08-10T05:30:13.317102+00:00. **Coverage watch:** developing. Checked 18 times; 0 checks found a material change. Most recently checked 2026-08-10T06:30:11.943Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - 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 - 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. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - mixed: 3 - high: 4 - unknown: 2 - veryHigh: 1 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [France24](https://france24.com/en/live-news/20260810-asian-stocks-track-wall-st-higher-after-us-job-losses-ease-rate-fears) — Asian stocks track Wall St higher after US job losses ease rate fears - [Dagens industri](https://di.se/live/uppat-pa-borserna-i-asien-VMra2) — Up on Stock Markets in Asia - [The Straits Times](https://straitstimes.com/business/asia-stocks-edge-higher-oil-up-amid-gulf-confusion) — Asia stocks edge higher, oil up amid Gulf confusion - [Free Malaysia Today News](https://freemalaysiatoday.com/category/business/2026/08/10/asian-stocks-edge-higher-oil-up-amid-gulf-confusion) — Asian stocks edge higher, oil up amid Gulf confusion - [PerthNow](https://perthnow.com.au/news/business/markets/asian-stocks-edge-higher-oil-up-amid-gulf-confusion-c-22700581) — Asian stocks edge higher, oil up amid Gulf confusion - [The West Australian](https://thewest.com.au/business/markets/asian-stocks-edge-higher-oil-up-amid-gulf-confusion-c-22700575) — Asian stocks edge higher, oil up amid Gulf confusion - [Moneycontrol](https://moneycontrol.com/news/business/markets/asia-stocks-edge-higher-oil-up-amid-gulf-confusion-13999196.html) — Asia stocks edge higher, oil up amid Gulf confusion - [Times of India](https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-today-asia-stocks-edge-higher-oil-up-amid-gulf-confusion/articleshow/133077033.cms) — Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion - [WTVB](https://wtvbam.com/2026/08/09/asia-stocks-edge-higher-oil-up-amid-gulf-confusion) — Asia stocks edge higher, oil up amid Gulf confusion - [Channel News Asia](https://channelnewsasia.com/business/asia-stocks-edge-higher-oil-up-6308921) — Asia stocks edge higher, oil up amid Gulf confusion ## Questions **Why did Asian markets rise on 10 August 2026?** Asian markets followed Wall Street higher after a softer-than-expected US jobs report reduced fears of an immediate interest rate hike by the Federal Reserve. Japan’s Nikkei gained 0.6%, and MSCI’s Asia-Pacific index rose 0.3%. The report eased concerns about near-term borrowing costs. **What caused oil prices to rise?** Oil prices climbed as shipping through the Strait of Hormuz remained limited. Brent crude rose 0.9% to $US84.32 a barrel. 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. **What are analysts expecting from the US July consumer price report?** Analysts expect the US July consumer price report, due on 12 August, to show 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. **How did S&P 500 earnings perform?** 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. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays. Please cite as: MediaBias News, "Asian markets rise on US jobs data, oil climbs over Gulf shipping delays", https://mediabias.news/business/asian-markets-rise-on-us-jobs-data-oil-climbs-over-gulf-shipping-delays