COVID-19: Asia Stocks See Modest Gains; Dollar Extends Drop: Markets Wrap

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Asian stocks started the week with gains after Friday’s U.S. jobs report smashed expectations and bolstered hope of a quick economic rebound. The dollar extended its recent slump.

Equities climbed modestly in Japan, while Korean shares lost an early advance. Shanghai and Hong Kong opened higher, while Australia’s markets were closed for a holiday. S&P 500 contracts were flat after the index posted a third weekly advance last week. The dollar headed for an eighth straight day of declines, whileWith U.S.

Crude oil lost early gains Monday, taking a breather after six straight weekly advances. OPEC agreed to a one-month extension of its record oil-production cuts. Gold dipped.New York City will begin re-opening after recording its first day since March with no virus fatalities. India starts a phased lifting of its nationwide lockdown. The Netherlands and Belgium plan to open bars and restaurants.

OECD releases its economic outlook Wednesday, a twice-yearly analysis of the economic prospects of member countries

 

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Belgique Dernières Nouvelles, Belgique Actualités