"US Jobs Data and Fed Rate Hike Odds Impact Asian Markets"

Asian shares rose slightly and the dollar strengthened after US jobs data showed a tight labour market, increasing expectations that the Federal Reserve will raise interest rates at its meeting next month. The labour market is still too tight for the Fed to lower inflation to its 2% target without further interest rate hikes. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in its May 2-3 meeting. The inflation report due on Wednesday will shape the path the Fed will take in its battle against prices.