Leading Industry experts says if OPEC sticks to its deal, oil price will remain at US$50. According to expert, the oil market was a roller coaster... (Apr,04)
According to Reuters, A sedation rally swept around Asian shares markets after the latest U.S. jobs report managed to impress with its strength while therefore easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.
Morgan Stanley Capital International (MSCI) broadest index of Asia-Pacific shares outside Japan
Japan’s Nikkei jumped 1.2 percent, showing little immediate reaction as Prime Minister Shinzō Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.
Inflation worries faded on Friday after U.S. data showed non farm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 percent after a spike in January.
The diminution of wages caused prediction the Federal Reserve would project four rate hikes at its policy meeting next week, instead of the current three in 2018.
The dollar fell a little and its index against a basket of major currencies at 89.973.
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