Asian stocks rise as American jobs data beats forecasts

Asian stocks rise as American jobs data beats forecasts

On Monday, Asian stocks soared, underpinned by Wall Street's strong performance on Friday. Meanwhile, the greenback extended revenues provoked by much stronger than expected June employment data.

Outside Japan MSCI's broadest index of Asia-Pacific equities grew 0.55%, while Japan's Nikkei tacked on 0.7%.

Australian stocks advanced 0.6%, South Korea's KOSPI surged 0.4%.

Hong Kong's Hang Seng acquired 1%, while China's bluechip stocks stood still.

On Friday, American equities concluded higher after US jobs surge beat forecasts. Nevertheless, a lag in wage hikes led market participants to bet wage data would restrict the extent of the Fed’s hawkishness.

The Nasdaq led revenues with a 1% leap, while the S&P 500 gained 0.6% and the Dow Jones Industrial Average tacked on 0.4%.

On Friday, the 10-year American Treasury yield reached a two-month peak of 2.398% percent. As for Monday’s outcome it accounted for 2.3909%.

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera