Global stocks mixed ahead of monthly U.S. jobs report – Washington, District of Columbia

Washington, District of Columbia 2021-06-01 05:02:05 –

Beijing (AP) — Tuesday’s global stock market is mixed as investors reassure investors ahead of US employment statistics …

Beijing (AP) — Tuesday’s global stock market was in turmoil as investors looked forward to US employment statistics.

London and Frankfurt were opened and Shanghai rose, but Tokyo retreated. Wall Street futures rose as the US market, which ended in a rise in May, is preparing to resume trading after the holidays.

Traders are waiting for Friday’s report on US employment in March. They want peace of mind that the fall in April was a fluke. Employers added 266,000 jobs that month, half the recent average, well below expectations of one million.

Investors are between optimism about the revival of the global economy after the severe recession since the 1930s and concerns that rising inflation could allow governments and central banks to withdraw stimulus. shaking.

“Investors may have taken a wait-and-see approach prior to employment reporting,” IG’s Jun Rong Yep said in a report.

In early trading, London rose 1.1% to 7,097.53 and Frankfurt’s DAX rose 1.1% to 15,595.63. CAC 40 in Paris rose 0.6% to 6,486.77.

On Wall Street, the S & P 500 Index is 0.3% more promising and the Dow Jones Industrial Average is up 0.4%.

On Friday, the S & P 500 rose 0.1% by the end of May, with monthly growth of 0.5% after weeks of sales volatility as investors watched the conflict between economic recovery and rising inflationary pressures. ..

The Dow rose 0.2% and the tech-oriented Nasdaq rose 0.1%.

In Asia, the Shanghai Composite Index rose 0.3% to 3,624.71, while the Nikkei Stock Average in Tokyo fell 0.2% to 28,814.34.

China’s ruling Communist Party announced on Monday that it would ease childbirth restrictions and allow couples to have three children instead of two. The party wants to delay the rapid aging of the population, secure future workers and secure sufficient numbers, but high costs and labor pressures have put off couples.

Also on Monday, Chinese commercial banks were ordered to hold more foreign currency in reserves at the central bank to limit sales and curb the rise in the Chinese currency’s yuan exchange rate. ..

The People’s Bank of China has been trying to deter speculators since May after the yuan has risen about 12% against the dollar. Analysts at Macquarie Group pointed out that recent changes are a “strong sign” that policy makers are “increasingly uncomfortable” with the rate of rise in the yuan.

Hong Kong’s Hang Seng Index rose 1.1% to 29,468.00, and South Korea’s Kospi rose 0.6% to 3,221.87.

Sydney’s S & P-ASX 200 fell 0.3% to 7,142.60, while India’s Sensex rose 0.1% to 51,988.61. Markets in New Zealand and Southeast Asia have risen.

In the energy market, electronic trading on the New York Mercantile Exchange saw base US crude soar $ 1.78 per barrel to $ 68.10. Brent crude, which is used to price international oil, has risen from $ 1.37 to $ 70.69 per barrel in London.

The dollar rose from 109.59 yen on Monday to 109.62 yen. The euro retreated from $ 1.2232 to $ 1.2217.

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