U.S. shares gained Friday despite a government report that American employers cut a record-setting 20.5 million jobs in April.Investor optimism is gaining as China and some other countries begin to revive their economies. But with infection numbers still rising in the United States, Brazil and some other countries, analysts warn a global recovery might be some way off.
The Kospi in Seoul was off 0.4% at 1,938.38 while Sydney's S&P-ASX 200 added 1.4% to 5,468.80. India's Sensex opened up 0.7% at 31,852.00 and New Zealand, Singapore and Jakarta also advanced. Investors looked ahead to a week filled with data announcements including European factory output and trade, U.S. unemployment claims and retail sales and Australian jobs.
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