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4 Feb 2013
Asian markets rise in reaction to US NFP
Asian markets went for a “risk on” session on Monday in reaction to Friday's NFP data in the US. TD Securities analysts explained: “Upward revisions to US historical payrolls data were widely interpreted as a goldilocks report: good enough to show traction in the economy but not so good as to spark FOMC tightening expectations”, wrote Annette Beacher.
Japan's Nikkei Stock Average resumed its trend and gained +0.62%, China's Shanghai Composite rose +0.31%, Hong Kong's Hang Seng moved higher, by +0.35%, like most Asian equity indexes, while South Korea's Kospi lost -0.23%.
Futures for the German DAX 30 (-0.05%) and the French CAC 40 (+0.09%) ahead of EMU PPI, Sentix Investor Confidence and Rajoy-Merkel meeting. WTI crude oil is up to $97.50 (-0.30%) and Gold eases to $1670.88 (+0.12%).
Japan's Nikkei Stock Average resumed its trend and gained +0.62%, China's Shanghai Composite rose +0.31%, Hong Kong's Hang Seng moved higher, by +0.35%, like most Asian equity indexes, while South Korea's Kospi lost -0.23%.
Futures for the German DAX 30 (-0.05%) and the French CAC 40 (+0.09%) ahead of EMU PPI, Sentix Investor Confidence and Rajoy-Merkel meeting. WTI crude oil is up to $97.50 (-0.30%) and Gold eases to $1670.88 (+0.12%).