· Wall Street jumps as historic job losses fewer than feared
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.
The Dow Jones Industrial Average .DJI rose 455.43 points, or 1.91%, to 24,331.32, the S&P 500 .SPX gained 48.61 points, or 1.69%, to 2,929.8 and the Nasdaq Composite .IXIC added 141.66 points, or 1.58%, to 9,121.32.
The Nasdaq posted its fifth straight daily gain, its longest such streak since December 2019.
The Cboe Volatility Index , known as Wall Street’s fear gauge, fell 3.46 points to 27.98, its first close below 30 since Feb. 26.
· Stocks in Asia traded higher on Monday morning as hopes rise on economies reopening, even as U.S. reported record job losses in April.
In Japan, the Nikkei 225 edged 0.81% higher while the Topix index gained 0.86%. South Korea’s Kospi also added 0.4%.
Meanwhile, shares in Australia traded in positive territory, with the S&P/ASX 200 gaining 0.61%.
Overall, the MSCI Asia ex-Japan traded 0.15% higher.
Investors continue to watch for developments on the coronavirus front amid hopes of global economies reopening as social distancing measures are eased. U.K. Prime Minister Boris Johnson outlined over the weekend a “conditional plan” to slowly reopen society and the economy. Disney is also set to reopen its Disneyland theme park in Shanghai on Monday.
· Thailand reports five new coronavirus cases, no new deaths
Thailand reported five new coronavirus cases but no deaths on Sunday, bringing the total to 3,009 cases and 56 deaths since the outbreak started in the country in January.
However, there are four more infected people from the resort island of Phuket, who will be included in figures to be reported on Monday, said Taweesin Wisanuyothin, spokesman for the government’s Centre for COVID-19 Situation Administration.
Reference: CNBC, Reuters
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