Stocks cheer prospects for low rates, oil rides pipeline outage higher

TOKYO: Stocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

U.S. nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put downward pressure on the dollar and U.S. Treasury yields. On Friday the Dow Jones Industrial Average and the S&P 500 rose to record closing highs after disappointing data on the U.S. jobs market eased concerns about a spike in consumer prices.

MSCI's broadest index of global stock markets hit a record high on expectations that low rates will continue to spur lending and economic growth. The yield on benchmark 10-year Treasury notes steadied at 1.5931per cent in Asia on Monday after having plunged to a two-month low of 1.4690per cent on Friday.

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Stocks cheer prospects for low rates, oil jumps on pipeline outageWorld stocks ticked up to new peaks on Monday on bets interest rates will remain low and the economy continue its recovery, while oil prices ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

Stocks look to gain on payrolls miss, oil up after cyber attackStocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

Stocks cheer prospects for low rates, oil jumps on pipeline outageWorld stocks ticked up to new peaks on Monday on bets interest rates will remain low and the economy continue its recovery, while oil prices ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »