partlycloudy
Sunday July 5th, 2015 3:52AM

Asian stocks rise on strong US jobs report

By The Associated Press
Related Articles
TOKYO (AP) -- Asian stock markets were mostly higher Friday after the U.S. reported strong hiring for June. European markets faded after being boosted by the jobs data the day before.<br /> <br /> U.S. markets are closed for the Fourth of July holiday, leading to relatively muted trading elsewhere.<br /> <br /> Early in Europe, Britain's FTSE 100 inched down 0.1 percent to 6,860.96 and France's CAC-40 dropped 0.1 percent to 4,486.24. Germany's DAX was down less than 0.1 percent at 10,025.14.<br /> <br /> Asian stock markets mostly rose after the strong U.S. jobs report for June boosted a major Wall Street index to a record high.<br /> <br /> The Nikkei 225 average, the benchmark for the Tokyo Stock Exchange, gained 0.6 percent to finish at 15,437.13 while Hong Kong's Hang Seng added 0.1 percent to 23,546.36.<br /> <br /> "The big factor was the rise in the U.S. market," said Yutaka Miura, senior technical analyst at Mizuho Securities Co. in Tokyo.<br /> <br /> On Thursday, the Dow Jones industrial average was buoyed by the jobs figures and topped 17,000 for the first time, another in a string of records for the index that has lifted portfolios in a five-year bull market for stocks.<br /> <br /> The government reported that U.S. employers added 288,000 workers to their payrolls in June and the unemployment rate fell to 6.1 percent. The U.S. economy is now creating about 231,000 jobs each month in 2014, compared to roughly 194,000 a month last year.<br /> <br /> The jobs report is the latest piece of data to show the world's biggest economy continues to improve steadily. Also helping stocks are solid corporate earnings and continued support from central banks.<br /> <br /> The Kospi in South Korea was little changed at 2,009.66. Australia's S&P/ASX 200 added 0.6 percent to 5,525.Markets in Southeast Asia were also higher.<br /> <br /> The long weekend appeared to have kept overseas players away, and trading volume was low, said Miura.<br /> <br /> "There was buying at first but then the momentum didn't keep up," he said of Friday's trading.<br /> <br /> In energy trading, benchmark U.S. crude for August delivery was up 1 cent to $104.07 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 42 cents to $104.06 on Thursday, its sixth day of declines.<br /> <br /> In currencies, the euro slipped to $1.3604 from $1.3609 late Thursday. The dollar fell to 102.09 yen from 102.21 yen.<br />
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 6 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 6 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 6 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 6 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 6 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 6 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 6 months ago )
Local/State News
Obama: Freedom is paid for by men and women of US military
WASHINGTON (AP) — President Barack Obama says U.S. service members make it possible to enjoy the "incredible blessings" in the greatest country on earth.He says "freedom is not free" but is paid for b...
12:45AM ( 3 hours ago )
At least 14 hurt in deck collapse at North Carolina beach
EMERALD ISLE, N.C. (AP) — A deck collapsed at a North Carolina beach house as a family got set to take a group photo Saturday evening, leaving at least 14 people injured with two of those in critical...
11:58PM ( 3 hours ago )
Gay marriage opponents propose 2 Colorado ballot measures
DENVER (AP) — Opponents of gay marriage have proposed two Colorado ballot measures in response to the Supreme Court ruling that same-sex couples have a right to marry nationwide.One measure would rede...
7:06PM ( 8 hours ago )
Utility drones could inspect equipment, scan for outages
LITHONIA, Ga. (AP) — When tornadoes and hurricanes topple power lines in the future, flying drones might be the first to pinpoint the damage.Power companies across the United States are testing whethe...
4:21PM ( 11 hours ago )
A year on, children caught on border struggle to stay, adapt
LOS ANGELES (AP) — At 1-year-old, a wide-eyed, restless Joshua Tinoco faces the prospect of deportation to his native Honduras, one of tens of thousands of children who arrived at the U.S.-Mexico bord...
4:09PM ( 11 hours ago )