Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.
An official business survey from China showed its factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened.That helped lift MSCI's broadest index of Asia-Pacific shares outside Japan 2.1% to its highest since early March. Japan's NikkeiE-Mini futures for the S&P 500 recovered to be flat, having been down 1% in early trade. EUROSTOXX 50 futures firmed 1.4% and FTSE futures 1.1%.
The May jobs report due out on Friday is forecast to show the unemployment rate surged to 19.8%, smashing April’s record 14.7%. Payrolls are expected to drop by 7.4 million, on top of the 20.5 million jobs lost the previous month.“Current unemployment numbers go far beyond what has been experienced in any post-war recession,” wrote Barclays economist Christian Keller in a note.
Yields on U.S. 10-year notes were trading steady at 0.66% having recovered from a blip up to 0.74% last month when the market absorbed a tidal wave of new issuance.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Asian business dynasties struggle with successionAs patriarchs of Asia's big family businesses age, experts foresee a wave of turbulence at their firms
Weiterlesen »
Asian countries try to build travel “bubbles”The pressing question is how to restart international travel safely
Weiterlesen »
Asia Pacific stocks set for mixed open; China says its May factory activity expandedStocks in Asia Pacific were set to kick off the trading week in mixed territory as a Chinese data release over the weekend showed the country's factory activity expanding in May.
Weiterlesen »
Forbes Insights: Where Asia Is Taking The World With AIDr. Ayesha Khanna, CEO of ADDO AI and Dr. Parag Khanna, Managing Partner of FutureMap, provide an overview of how AI is unfolding in Asia.
Weiterlesen »
Asia Today: 27 new cases in South Korea, 2 in ChinaSouth Korea reports 27 new cases of the coronavirus, including 21 from the densely populated Seoul metropolitan area, where officials are scrambling to stem transmissions linked to clubgoers and warehouse workers.
Weiterlesen »
Asia Today: India's caseload surges again; 39 sick in SKoreaIndia registers another record single-day jump of 7,964 coronavirus cases and 265 deaths, a day before the 2-month-old lockdown is set to end. The Health Ministry put the total number of confirmed cases at 173,763 with 4,971 deaths.
Weiterlesen »