Stocks and bonds rose after Friday's U.S. jobs report, which is likely to set the tone in Asia on Monday.
report on Friday was taken by investors as a sign that the Fed might win its anti-inflation battle without doing too much damage to the economy - U.S. and global stocks, risky assets and bonds all soared, which is likely to set the tone in Asia on Monday.A relatively benign U.S. backdrop - economic activity and inflation cooling enough to allow the Fed to end its hiking cycle soon, and maybe even reverse it later this year - is enough to whet investors' risk appetite.
Travelers began streaming into mainland China by air, land and sea on Sunday, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic. over a vaccine, and economists at many big banks are revising up their GDP growth forecasts for the second half of this year.The increasing bullishness is being reflected in China's exchange rate. The yuan is its strongest since mid-August, moving further away from the 7.00-per-dollar level.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow makes big move on Friday as tech stocks lift NasdaqStocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.
Read more »
Police warn of car thefts, armed robberies on West, Southwest SidesThe crimes started Wednesday with the latest one happening Friday morning.
Read more »
MPD implementing new parking changes to control downtown congestionThe changes go into effect Friday night through Sunday morning.
Read more »
U.S. likely headed for economic 'soft landing' -White House's BousheyThe U.S. economy appears headed for a soft landing, with recent economic data pointing to an ongoing recovery, not a recession, White House economist Heather Boushey told Reuters on Friday.
Read more »