Stock market today: Asian stocks follow Wall St up after strong U.S. jobs report

📆 05/06/2023 13:45:00
📰 CTVNews

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 99%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening.

Get the latest newsletters right to your inbox

"Markets appear poised to ride last week's upward momentum as bubbly risk appetite finds a comfort pillow in hopes for a U.S. soft landing," said Stephen Innes of SPI Asset Management in a report. Industrial companies, energy producers and banks rose. Exxon Mobil advanced 2.3% as prices for crude oil climbed on hopes that a resilient economy would burn more fuel.

Following the report, traders were largely expecting the Fed to hold interest rates steady at this month's meeting. That would be the first time it hasn't hiked rates in more than a year.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

CHINATOWN NIGHT MARKET: 'Explore Asian food and culture'The executive director of Chinatown’s BIA said its weekend\u002Dlong night market is the perfect showcase for all Asian cuisine, Chinese art and cultural shows.
Fonte: ottawasuncom - 🏆 4. / 92 Consulte Mais informação »