Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Shares seem to be gaining from gaps in payrolls that have shrunk since the cyber attack

Shares seem to be gaining from gaps in payrolls that have shrunk since the cyber attack



Shares rose on Monday amid speculation that interest rates will remain low for a long time due to the declining risk of a rapid acceleration of inflation as oil prices jumped after a cyber attack on troubled US pipeline markets.

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7;s broadest Asia-Pacific equity index outside Japan (.MIAPJ0000PUS) up 0.49%

Futures for the Japanese Nikkei increased by 0.03%. S&P / ASX 200 Australian futures fell 0.06%. US stock futures rose 0.12%.

Data on insolvent states on Friday showed that job growth slowed unexpectedly in April, leading to an increase in shares, but put downward pressure on the yield on the dollar and the Treasury.

Oil futures extended their profits after a cyberattack halted a U.S. pipeline operator that supplies nearly half of the fuel supply to the east coast of the United States.

“This certainly repulses the Fed’s downsizing schedule, perhaps until December, from previous expectations at the Jackson Hole symposium in late August,” Chris Weston, head of research at Melbourne-based Pepperstone Broker, wrote in a note.

“Softer sheets are good for reflation trading; the dollar has weakened in the currency spectrum. We have also seen a solid offer for equity indices and futures are rising.”

On Friday, the Dow Jones Industrial Average (.DJI) and S&P 500 (.SPX) rose to record highs after disappointing data on the US job market eased fears of a jump in consumer prices. Read more

The dollar index (.DXY), which tracks currencies against a basket of six currencies, fell 0.09% to 90.15.

Spot gold prices rose 0.15% to $ 1,833.31 an ounce.

Yields on the reference 10-year treasury banknotes in Asia remained at 1.5824% on Monday, after falling to a two-month low of 1.4690% on Friday.

West Texas crude futures rose 0.89 percent to $ 65.48 a barrel, while Brent crude rose 0.94 percent to $ 68.92 in Asian trade as supply disruptions shook the United States. energy markets.

The White House worked closely with top U.S. fuel operator Colonial Pipeline on Sunday to help him recover from a ransomware attack that forced the company to close its main fuel lines. Read more

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