Stocks gain, US short-dated debts under pressure after bumper US jobs data

By Channel NewsAsia9 days ago

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TOKYO: Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated.

U.S. S&P500 futures traded 0.5per cent higher, maintaining their gains made during a truncated session on Friday while Japan's Nikkei rose 0.8per cent.

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MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, with China closed for Tomb-Sweeping day and Australia on Easter Monday.

MSCI's all-country world index was almost flat but stood near its highest level since late February and within sight of a record high set that month.

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