Asian Stocks Eye Positive Start as China Returns: Markets Wrap

-- Asian equity markets are eyeing a strong open as China returns from a three-day holiday and Friday’s softer-than-expected US jobs report revive bets the Federal Reserve will cut rates this year.Worsening Weather Is Igniting a $25 Billion Market

A litany of weaker-than-estimated data points last week — from jobs to services and manufacturing — sent the US version of Citigroup’s Economic Surprise Index to the lowest since February 2023. The gauge measures the difference between actual releases and analyst expectations. Nonfarm payrolls advanced 175,000 in April, the smallest gain in six months. Unemployment ticked up to 3.9% and wage gains slowed.

Traders will also be mindful of a swath of central bank meetings this week, led by a likely hawkish Reserve Bank of Australia on Tuesday following stronger-than-expected inflation data last month. Chinese activity data as well as inflation readings in key emerging markets are also due.The offshore yuan was little changed at 7.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian Stocks Eye Positive Start as China Returns: Markets WrapAsian equity markets are eyeing a strong open as China returns from a three-day holiday and Friday’s softer-than-expected US jobs report revive bets the Federal Reserve will cut rates this year.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Asian stocks surge on tech boost; yen extends gains to cap wild weekExplore stories from Atlantic Canada.
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »

Asian stocks surge on tech boost; yen extends gains to cap wild weekAsian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »