Investing.com - Stocks rose in Asian trading on Monday, following their Wall Street counterparts that shot up Friday on news that January's U.S. jobs figures far outpaced expectations.
During early Asian trading on Monday, Hong Kong's Hang Seng Index was up 0.59%, Australia's S&P/ASX200 was up 1.08%, while Japan’s Nikkei 225 Index was up 1.06%.
In the U.S. on Friday, the Bureau of Labor Statistics reported that the economy picked up a net 243,000 nonfarm payrolls in January, well above expectations for a gain of around 150,000,
The news sent U.S. stocks climbing on Friday, while Asian stocks followed suit on Monday.
In Hong Kong, the top gainers included COSCO Pacific, up 4.35%, New World Development, up 3.12%, and Espirit Holdings, up 2.82%.
In Australia, the top gainers included Bathhurst Resources, up 10.56%, Downer EDI Limited, up 7.63%, and Iluka Resources, up 5.55%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.24%, while Germany ’s DAX 30 futures signaled a loss of 0.33%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.25%.
Dow Jones Industrial Average futures were down 0.23% while the S&P 500 futures were down 0.25%.
Later on Monday, the Reserve Bank of Australia will decide whether or not to move on interest rates, while later in the day, New Zealand is to publish official data on labor cost inflation, a key indicator of consumer inflation.
In Europe, the Sentix report on investor confidence, a key gauge of economic health, will hit the wire, while Germany is to publish official data on factory orders.
Also Monday, Canada is to produce a report on the Ivey purchasing managers’ index, a leading indicator of economic health.
During early Asian trading on Monday, Hong Kong's Hang Seng Index was up 0.59%, Australia's S&P/ASX200 was up 1.08%, while Japan’s Nikkei 225 Index was up 1.06%.
In the U.S. on Friday, the Bureau of Labor Statistics reported that the economy picked up a net 243,000 nonfarm payrolls in January, well above expectations for a gain of around 150,000,
The news sent U.S. stocks climbing on Friday, while Asian stocks followed suit on Monday.
In Hong Kong, the top gainers included COSCO Pacific, up 4.35%, New World Development, up 3.12%, and Espirit Holdings, up 2.82%.
In Australia, the top gainers included Bathhurst Resources, up 10.56%, Downer EDI Limited, up 7.63%, and Iluka Resources, up 5.55%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.24%, while Germany ’s DAX 30 futures signaled a loss of 0.33%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.25%.
Dow Jones Industrial Average futures were down 0.23% while the S&P 500 futures were down 0.25%.
Later on Monday, the Reserve Bank of Australia will decide whether or not to move on interest rates, while later in the day, New Zealand is to publish official data on labor cost inflation, a key indicator of consumer inflation.
In Europe, the Sentix report on investor confidence, a key gauge of economic health, will hit the wire, while Germany is to publish official data on factory orders.
Also Monday, Canada is to produce a report on the Ivey purchasing managers’ index, a leading indicator of economic health.