Asian stocks pulled higher by Wall Street jobs rally but China caution prevails

The modest Asian gains compared with Wall Street, which rose to near record highs on Friday on a strong jobs report and some sign of optimism about U.S.-China trade talks, with the benchmark S&P 500U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors returned to work after a strike, in the strongest sign that the economy is in no danger of stalling.

Still, investors think things could change if trade tensions escalate further, especially if Trump goes ahead with planned tariffs on some $156 billion worth products from China from mid-December. U.S. Treasury yields climbed after the strong employment report, with benchmark 10-year notes rising to 1.843% US10YT=RR.

The main reason for the upward revision was that non-residential investment jumped by 1.8% on-quarter instead of the preliminary estimate of 0.9%,

How stupid can conservatives around the world be? The US jobs number of 266K for November included 42K of auto workers returning to work and seasonal increases. The US economy reflects the monetary & fiscal policy actions and global recovery following the financial crisis.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street bets international stocks will top US equities in 2020 after a decade-long slumpThe U.S. has been the place to invest when it comes to stocks over the past 10 years. That dominance could shift in 2020. wall street are traitors to the Republic, fiat money grubbing slaves to the illusion of materialism promoted by the black nobility. The Republic is the 'promised land' once you destroy it through ignorance, naivite and greed, it's gone and so is your 'high living',KofM visas?Pfft It's only that high because of the 23T in debt that was injected into the economy, huge crash incoming soon most likely very unsustainable. Based on the shocks earlier this year in the repo markets and likely dollar weakness ahead, international equities will likely outperform U.S. markets
Source: CNBC - 🏆 12. / 72 Read more »