Global Markets Fluctuate as Investors Await U.S. Jobs Data and Tax Bill

Asian markets showed slight gains as investors anticipated a crucial U.S. jobs report that could justify potential rate cuts by the Federal Reserve amidst the pending approval of a substantial U.S. tax and spending bill in Congress.

Wall Street reached new heights following President Trump's announcement of a trade deal with Vietnam, raising hopes for further deals, including ongoing negotiations with India. However, the looming U.S. payroll figures kept markets on edge, influenced by the recent private sector payrolls drop.

The global financial environment remains influenced by the Fed's rate decisions and potential economic impacts, exemplified by tense Treasuries and commodity markets, and currency fluctuations, as seen with the dollar's recent weaknesses.

(With inputs from agencies.)