Wall Street

Stocks rise as investors await U.S. jobs data for Fed cues

Published by
Reuters

By Kanupriya Kapoor (Reuters) – Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of the Federal Reserve turning less aggressive on its policy tightening stance in coming months. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.45%, riding on a strong Wall Street close overnight. Japan’s Nikkei was up 0.96%, and shares in Seoul opened up 0.77%, while Australia’s resource-heavy index was up 0.81%. Overnight, tech stocks led a rally on Wall Street, lifting the S&P500 1.84%, the Nasdaq Composite 2.68%, and the Dow…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street