Market sentiment remains supported despite weak U.S. jobs data, according to Investing.com

[ad_1]


©Reuters.

Investing.com – Asia-Pacific stocks are set to start the week on a positive note as U.S. investors view the recent slowdown in equity markets as a sign that interest rates may have peaked.

The index was up 0.3% as of 10:15am EDT (11:00pm GMT).

It rebounded on Friday to post its biggest weekly gain since November 2022. This comes after the latest monthly employment report showed that the Federal Reserve’s interest rate hikes were bearing fruit and were as effective as expected.

It was also up about 200 points, or 0.7%, on Friday, while rising 1.4%. Both indexes posted their biggest weekly percentage gains this year.

The October jobs report showed hiring activity slowed last month. Employers added 150,000 jobs in October, half of last month’s gain and below economists’ expectations. The unemployment rate rose to 3.9% and wage growth slowed.

Commodity markets fell 2.3% to $84.89 a barrel and rose 0.4% to $1,992.65 a barrel.

In the bond market, the Australian government bond yield fell to 4.34%, and the yield also fell to 4.72%. U.S. Treasury yields fell, with a yield of 4.84% and a yield of 4.57%.

Copper prices were steady at 65.11 cents. Meanwhile, 105.1.

In China, stocks closed higher, led by robotics companies, as hopes grew for possible government support as the government pushes to develop its humanoid robot industry. However, banking and real estate stocks fell.

Hong Kong stocks also ended higher, lagging Wall Street’s gains overnight as investors bet the Fed’s interest rate hikes are over. Healthcare and technology stocks led the gains.

In India, stocks closed higher on positive global signals. Investor sentiment got a boost after the Federal Reserve extended its pause on interest rate hikes, raising hopes that the global central bank policy tightening cycle is coming to an end.

European stocks were mixed as losses in oil stocks offset investor optimism over weaker-than-expected U.S. non-farm payrolls data.

[ad_2]

Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises Investing.com – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *