ASIA OUTLOOK: Regional stock markets are likely to fall Monday after stocks on Wall Street tumbled Friday, positing their biggest selloff of the year following a much weaker-than-expected nonfarm payrolls reading. Friday's payrolls report showed that the U.S. economy added 69,000 jobs in May, well below forecasts for an increase of 155,000, marking the smallest gain in a year. In FX markets, the U.S. dollar may remain under pressure after Friday's dismal jobs report fueled speculation that the Federal Reserve may decide to undertake additional stimulus measure to boost growth. The EUR/USD is at 1.2424 from 1.2435 late Friday in New York, the EUR/JPY is at 97.13 from 96.99, and the USD/JPY is at 78.17 from 78.03. On the data slate there's Australia's May TD Securities monthly inflation gauge at 0030 GMT and Australia's 1Q business indicators at 0130 GMT. Elsewhere there's April PPI in the eurozone and the May ISM-NY report on business in the U.S. Markets in New Zealand and Thailand are shut for holidays.
Find us on Google+
No comments:
Post a Comment