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Asian Shares Mixed After Strong U.S. Jobs Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks ended mixed on Monday after an upbeat U.S. jobs report lifted bond yields and the dollar. Investors now await July inflation readings and the Jackson Hole meeting for additional clues to the Fed's thinking on inflation, employment and the interest rate outlook. Japanese markets were closed for the Mountain Day holiday.

Chinese shares rose sharply despite trade data out over the weekend coming in below expectations. Separate data showed consumer inflation slowed to 1 percent in July, offering no barrier to more policy stimulus. Factory-gate inflation surged again to 9 percent in July as commodity prices climbed.

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