Asian markets mixed after Easter break

immediately after Beijing released figures showing the China had swung back to a trade surplus in March after seeing a huge deficit in the previous month that had raised concerns over the economy.
Sydney and Hong Kong were reacting for the first time to news out of the United States that the recent surge in jobs growth had come to a halt. The US Labour Department reported the economy created just 120 000 jobs in March, well below analyst forecasts of 200 000, although the unemployment rate edged down to a more than three-year-low of 8,2 percent from 8,3 percent.
The weak figures raised speculation that the Federal Reserve may yet have to apply fresh stimulus to boost growth.
In response to the figures, on Wall Street on Monday the Dow fell 1 percent, the S&P 500 shed 1,14 percent and the Nasdaq dropped 1,08 percent. — AFP.

Related Posts

Court reserves judgment in CAB3 challenge

Fidelis Munyoro Chief Court Reporter THE Constitutional Court has reserved judgment in a high-profile challenge to Constitutional Amendment Bill No. 3 (CAB3), after lawyers representing President Mnangagwa, the Minister of…

Beitbridge to host National World Literacy Day commemorations

Thupeyo Muleya Beitbridge Bureau BEITBRIDGE is set to host national commemorations of World Literacy Day tomorrow, with Primary and Secondary Education Minister Torerayi Moyo expected to lead the proceedings at…

Leave a Reply

Your email address will not be published. Required fields are marked *