Asian stock markets rose on Monday, investors gave an upbeat U.S. labor report sent Wall Street all time closing high last week, while the U.S. dollar against the yen held ground thumbs up.
The Morgan Stanley Capital International Asia-Pacific shares outside Japan. miapj0000pus> the most widely used index rose 0.5% over 1.0%, and Australia's main stock index (AXJO). Korean stock market (KS11) rose 0.7%.
Japan's financial markets closed for a public holiday on Monday, and will re-open on Tuesday.
Proceeds to Friday's data show that U.S. employment growth faster rate than expected in April and employ much stronger than previously thought the first two months, relieve investors of the slowdown in the U.S. economy nervous.
However, other data, including a survey of the majority of the service industry, encouraged and led investors to doubt the Fed may maintain its positive stimulus plan.
"We take the April employment report, combined with other data, to support the Fed to keep its debt purchase program unchanged," Barclays Capital (Barclays Capital) analyst wrote in a report.
"The labor market and inflation trends are soft enough to reduce the possibility of tapering, we think, but not stable enough to maintain the Fed to increase the pace of its purchase."
The data boosted U.S. bond yields, which in turn gave the U.S. dollar against the low-yielding yen boost. On Friday rose more than 1%, the dollar last traded at 99.11 yen, an increase of 0.1%, on the day. This is a four-year peak of nearly 100 last month in the least bit.
Australian dollar outperformed other currencies against the U.S. dollar back to around $ 1.0300, well-off last week's low near $ 1.0220.
Dependent on local retail sales data, the immediate fate of the Australian dollar at 0130 GMT maturity. Disappointed to see that the market is expected to firm policy meeting on Tuesday of the Reserve Bank of Australia cut interest rates.
A good morning, the Malaysian ringgit against the U.S. dollar hit a new high of 20 months, the ruling coalition after the general election on Sunday to extend its half-century rule, despite its worst ever performance.
Goods also increased revenue, powered higher on Friday after the U.S. jobs report. U.S. crude oil futures prices rose more than 1% to $ 97.00 a barrel, reached a fresh one-month high.
Copper is the focus of attention after it stole the limelight, to $ 7,270.00, a 6.5% gain on Friday.
However, its angle of movement, copper prices fell nearly 20% in the past three months, to some extent, on worries about the global economic slowdown.
 
 



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