Asian Shares Rise as Investors Eye US Jobs Data, Crucial Tariff Ruling

• Asian stocks edged higher, recovering from a two-day slide, with Japan and Australia seeing gains.
• Investors are keenly awaiting the US payrolls report and a potential US Supreme Court ruling on President Trump's tariffs.
• The S&P 500 was flat, but a defensive shift saw money move from tech giants like Nvidia to smaller companies.
• Trump's directive to purchase $200 billion in mortgage bonds boosted Treasury futures and mortgage-backed securities.
• Upcoming US jobs data will offer clues on the Federal Reserve's interest rate path, with two cuts priced for 2026.

Why It Matters: Global markets brace for key US economic data and a Supreme Court tariff decision impacting investor sentiment.