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On Monday, stock indices of the Asia-Pacific region mostly ascended after the soar on Wall Street on Friday after the publication of mixed data on employment in the United States in April. A report from the Ministry of Labor revealed that employers managed to add 164,000 jobs in April, while the unemployment rate went down to 3.9% from 4.1% a month earlier, hitting its lowest value since December 2000. Market experts had expected 192,000 new jobs in April, the unemployment rate headed south to 4%.
Meanwhile, prices for crude are still above $70 per barrel in Asia in the face of worries that the United States might impose sanctions on Iran.
The Australian market is moving ahead of the revenue on Wall Street, while the leap in commodity prices has pushed equities of energy and mining companies.
Meanwhile, in the mining sector, BHP Billiton shares tacked on nearly 2%, Fortescue Metals acquired more than 1%, while Rio Tinto ascended 0.6%, which reflects higher prices for copper and iron ore.
Additionally, the market value of the gold prospector Evolution Mining inched up by 1%, Newcrest ascended by more than 1%.
As for the crude reserves, Oil Search, Woodside Petroleum as well as Santos ramped up their capitalization by nearly 1% after crude prices tacked on Friday.
The Japanese market slumped into negative territory having opened in the green zone. By the way, a strengthening yen had an impact on the shares of exporters.
Equities of Mitsubishi Electric went up by less than 0.1%. Besides this Sony tacked on by more than 2%, while Panasonic gained by more than 1% and Canon rallied by 0.3%.
In the technical space, Alps Electric dived by nearly 1%, Kyocera lost 1%, Advantest declined 3%.
As for car makers, Toyota shares gained 0.2%, Honda slumped 1%.
On Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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