News Formal

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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: ottawasuncom - 🏆 4. / 92 Läs mer »