[HONG KONG] A blockbuster US jobs report that fanned optimism over the economic recovery from the coronavirus crisis helped push stock markets even higher Monday, while a decision to extend production cuts provided fresh support to oil prices. Read more at The Business Times.
In early trade Hong Kong rose 0.7 per cent, marking a fifth straight gain, while Tokyo went into the break 0.9 per cent higher as figures showed Japan's economy shrank less that feared in the first three months of the year.
As Latin America is hit by a spike in infections and deaths, Europe continues to reopen to some semblance of normality, providing a much-needed boost to the shattered tourism industry. The deal, which had been expected, provided further support to crude prices, which have surged over the past two months thanks to the cuts and the easing of lockdowns that has boosted demand.
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