Asian shares mostly rose as investors waited for earnings and inflation signs, with Wall Street rallying.

From CityNews: 2024-04-07 23:41:52

Asian shares rose as investors awaited earnings reports and a U.S. consumer prices report. Japan’s Nikkei surged 1.3%, Sydney’s S&P/ASX gained 0.3%, Korea’s Kospi rose 0.3%, and Hong Kong’s Hang Seng added 0.8%. Wall Street rallied after adding 303,000 jobs in March, with the S&P 500 rising 1.1%, Dow Jones up 0.8%, and Nasdaq gaining 1.2%. Treasury yields rose, with the 10-year at 4.40%. Concerns remain about inflation as employment and consumer spending grow. Analysts link rising energy prices to economic recovery and political tensions. Oil prices fell slightly, with U.S. crude at $85.64 a barrel.



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