Asia stocks set to gain after recovery hopes push Wall Street higher | Malay Mail

📆 09/06/2020 06:17:00
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NEW YORK, June 9 ― Asian stocks were set to climb today as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure. Markets have been encouraged by a May US jobs report last week that...

Tuesday, 09 Jun 2020 08:33 AM MYT

Markets have been encouraged by a May US jobs report last week that showed a surprise fall in the unemployment rate, bolstering views that the worst of the downturn is over and that the economy was moving towards a quick rebound. The Nasdaq hit a record high close yesterday, becoming the first of Wall Street's three main indexes to bounce back from the market crash caused by the pandemic.

On Wall Street, the Dow Jones Industrial Average rose 1.7 per cent, the S&P 500 gained 1.20 per cent and the Nasdaq Composite added 1.13 per cent.

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