clear
Tuesday May 31st, 2016 10:25AM

Asian stocks rise on strong US jobs report

By The Associated Press
Related Articles
  Contact Editor
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 2016 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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year ago )
Local/State News
Amid shouts of 'shame,' House GOP defeats gay rights measure
Democrats shouted "shame," but House Republicans switched their votes and defeated a measure to protect gay rights
8:03PM ( 1 week ago )
CDC director Freiden warns GOP Zika bill is inadequate
The head of the Centers for Disease Control and Prevention warned Wednesday that a House GOP measure to combat the Zika virus is inadequate to deal with the swelling threat to public health
7:36PM ( 1 week ago )
Trump unveils list of his top picks for Supreme Court
Donald Trump, the presumptive Republican nominee for president, released Wednesday a list of 11 potential Supreme Court justices he plans to vet to fill the seat of late Justice Antonin Scalia if he's elected to the White House.
3:31PM ( 1 week ago )
1st US penis transplant could bring hope to maimed soldiers
A 64-year-old cancer patient has received the nation's first penis transplant, a groundbreaking operation that may also help U.S. veterans maimed by roadside bombs
8:04PM ( 2 weeks ago )
States dig in against directive on transgender bathroom use
Politicians in Texas, Arkansas and elsewhere are vowing defiance over the Obama administration's new directive on transgender bathroom use
9:19PM ( 2 weeks ago )