Stock market today: Asian shares surge after Wall St gains on signs the US jobs market is cooling

Stocks were higher in Asia on Monday after Wall Street was boosted by a report that signaled the US jobs market, while still healthy, is showing some signs of cooling.

“It appears that global markets are primed to be smitten with the idea of a ‘Nirvana’ Fed tightening outcome, entailing the ‘immaculate dis-inflation’ that does not cause employment pain,” Tan Boon Heng of Mizuho Bank said in a commentary. Hong Kong's Hang Seng index jumped 2.4% to 18,828.91 while the Shanghai Composite index added 1% to 3,166.62. Tokyo's Nikkei 225 was up 0.6% at 32,899.99.Shares also rose in Taiwan and Southeast Asia.Friday on Wall Street, the S&P 500 finished 0.2% to 4,515.77. The Dow Jones Industrial Average rose 0.3% to 34,837.71. The Nasdaq composite closed less than 0.1% lower, at 14,031.81, breaking a five-day winning streak.

But recent economic snapshots have bolstered the view on Wall Street that the Fed may hold rates steady at its next policy meeting in September.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Sputtering Europe and Jittery China Add Bull Case for US StocksEurope’s stagflation crisis and a property downturn in China are flashing a familiar message: for equity investors, there is no real alternative to the US stock market.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Hong Kong’s Stock Market Liquidity Task Force to Meet This WeekHong Kong’s stock-market liquidity task force will hold its first meeting this week to study methods to expand capital sources and flows, attract more high-quality listings and boost efficiency and competitiveness, the city’s financial secretary Paul Chan wrote in a blog Sunday.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »