5/9/2021 11:36:06 PM GMT
AUD - Australian Dollar
The Australian Dollar closed the week at 0.7841, not far from a multi-week peak at 0.7862, off the back of Friday’s disappointing US employment figures which put the greenback in sell-off mode. Higher gold prices also provided some additional support for the Aussie. On Friday we saw the release of AIG Performance of Services Index surged to 61 in April from 58.7 in the previous month. The Reserve Bank of Australia released the Statement on Monetary Policy for the month of May 2021. Highlighting they foresee strong global growth is expected this year and next as the global economy recovers from the pandemic. Vaccine supply is increasing, which is allowing some economies to ease restrictions and open up.
Asian Shares Mixed Ahead Of US Jobs Data
CANBERA (dpa-AFX) - Asian stocks ended mixed on Friday even as positive Chinese data boosted optimism about the global economic outlook.
The focus was on U.S. jobs data due tonight, with economists expecting U.S. employment to jump by 978,000 jobs in April after an increase of 916,000 jobs in May. The unemployment rate is expected to dip to 5.8 percent from 6.0 percent.
China s Shanghai Composite index dropped 22.41 points, or 0.65 percent, to 3,418.87 after a Bloomberg report suggested that the Biden administration is likely to preserve limits on U.S. investments in certain Chinese companies. Hong Kong s Hang Seng index ended down 26.81 points at 28,610.65.
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Friday, following the broadly positive cues overnight from Wall Street on better-than-expected weekly labor market data and the ongoing surge in commodity prices. The mood is quite cautious in most of the markets in the region amid doubts about an early economic rebound due to the continuing surge in daily coronavirus in the region and the possibility of lockdowns in several areas. Asian markets ended mixed on Thursday.
Australian stock market is modestly higher on Friday, recouping some of the losses of the previous session, with the benchmark S&P/ASX 200 just below the 7,100 level at near 14-month highs, following broadly positive cues overnight from Wall Street. Increased tensions with China and pandemic concerns in Sydney are weighing on the market.
The Australian share market finished session higher on Friday, 07 May 2021, as investors risk sentiment was supported by a robust Wall Street overnight and surging commodity prices. However, market gains were capped as a wait-and-see mood grew ahead of U.
S. jobs data for April due out later in the day.
At closing bell, the benchmark S&P/ASX200 added 19.14 points, or 0.27%, to 7,080.83. The broader All Ordinaries grew 19.18 points, or 0.26%, to 7,325.22.
Record iron ore prices above US$200 a tonne on tight supply outlook and improving demand prospects helped BHP, Rio Tinto, and Fortescue Metals gain, while gold miners were also strong as the precious metal moved to near three-months highs above $US1800 an ounce.