• MTS Futures News_AM_20160307

    7 Mar 2016 | SET News

Asia markets traded mixed Monday morning, with the Japanese market falling behind its regional peers.

The benchmark Nikkei 225 was down 0.52 percent in early trade; across the Korean Strait, the Kospi was flat.

A gauge of stock markets worldwide rose to a two-month high on Friday, posting its largest weekly gain since October, as oil and other commodity prices firmed and strong U.S. jobs growth bolstered confidence in the global economy.

The recovery in commodities lifted emerging markets shares, which rose 1.6 percent on the day. MSCI's emerging-market stock metric .MSCIEF posted its largest one-week gain since December 2011.

U.S. equity indexes rose to their highest levels since early January following the jobs data, which showed strong growth in payrolls and an increase in labor-force participation, though there was a surprising decline in hourly wages.

A rise in the Fed's rates generally strengthens the dollar, which makes U.S. exports more expensive and can reduce profits for companies that do business overseas.

The Dow Jones industrial average on Friday .DJI rose 62.87 points, or 0.37 percent, to 17,006.77, the S&P 500 .SPX gained 6.59 points, or 0.33 percent, to 1,999.99 and the Nasdaq Composite .IXIC added 9.60 points, or 0.2 percent, to 4,717.02.

The S&P 500 rose more than 2.5 percent for the week, its third straight week of gains.

Brazil's stock market rose to a seven-month high after police detained former President Luiz Inacio Lula da Silva for questioning in an investigation of a bribery and money laundering scheme.


Reference: Reuters, CNBC

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