Asian stocks up on hopes of continuing low interest rates
Al Jazeera
Disappointing US jobs data pushed equities up and a cyberattack on a US pipeline operator saw oil prices rise.
Stocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyberattack on a United States pipeline operator unnerved markets. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.35 percent, while US stock futures rose 0.24 percent. Australian stocks hit their highest in more than a year, boosted by gains in miners, and shares in China rose 0.46 percent. Japanese shares gained 0.91 percent.
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