Arab Today, arab today asian stocks jump on hopes fed will stay rates
Last Updated : GMT 11:48:37
Arab Today, arab today
Arab Today, arab today

Asian stocks jump on hopes Fed will stay rates

Arab Today, arab today

Arab Today, arab today Asian stocks jump on hopes Fed will stay rates

Asian markets
Tokyo - AFP

Asian equity markets opened higher on Monday after a weak US jobs report fuelled speculation that the world's number one economy isn't ready for an interest rate hike any time soon.

The positive movement also came off the back of news that officials negotiating an ambitious Pacific trade pact were inching closer to announcing a deal.

Markets across Asia tracked Friday's surge on Wall Street after a September unemployment report increased the likelihood the US Federal Reserve will keep key interest rates near zero for longer.

A rate hike delay would give global stock markets a bit of breathing room after having suffered their worst quarter since 2011, analysts said.

"The Fed is extremely unlikely to begin policy normalisation as soon as this month and December is looking tenuous too," Philip Borkin, a senior economist in Auckland at ANZ, said in a client note.

Investors are also eyeing upcoming central bank meetings in Australia and Japan.

Speculation is growing that an economic downturn in Japan will force policy makers in Tokyo to increase stimulus measures.

Talks on the Trans-Pacific Partnership, which, if successful will create the world's largest free trade zone, were extended to Monday, as the 12-nation bloc pushed to get a long-awaited deal.

But earlier in the day, Japan's Economy Minister Akira Amari told reporters "major progress" had been made.

"We are making preparations now to announce a deal in principle this afternoon," Amari said, according to a translation of his remarks supplied by Japanese journalists.

- Wall Street rally -

Regional players were given a positive lead from New York, where the three main indices ended last week with strong gains after a late afternoon rally, despite the release of the disappointing jobs data.

The Dow climbed 1.23 percent, the S&P 500 jumped 1.43 percent and the Nasdaq gained 1.74 percent.

In Asian markets Tokyo gained 1.13 percent during Monday morning trade, Sydney was 1.66 percent higher, Seoul rose 1.18 percent and Singapore added 1.30 percent.

Hong Kong stocks had jumped 1.90 by mid-morning, extending a rally from last week, after a report said China's government will roll out more financial policies to support Macau.

Shanghai was closed for a public holiday.

On the currency markets, the dollar faced selling pressure against major currencies but still strengthened against most of its Asia-Pacific peers, as concerns over emergency economies remained.

The US unit was trading at 119.93 yen in Tokyo, barely changed from the back end of last week.

The euro traded at $1.1243 and 134.81 yen in Tokyo from $1.1219 and 134.53 yen in US trade.

The Singapore dollar fell by 0.05 percent from Friday against the US unit, the South Korean won fell 0.59 percent and the Taiwan dollar lost 0.61 percent.

The Indian rupee fell 0.12 percent and the Indonesian rupiah declined 0.03 percent but the Thai baht rose 0.14 percent.

-- Bloomberg News contributed to this report --

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian stocks jump on hopes fed will stay rates Arab Today, arab today asian stocks jump on hopes fed will stay rates

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian stocks jump on hopes fed will stay rates Arab Today, arab today asian stocks jump on hopes fed will stay rates

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday