US Job Figures Help Advance Asian Stock Markets

Investors in Asia responded positively to the vital US job data. The fact that employment in the United States picked up considerably last month supports them in the idea that the rest of the world’s economic outlook is also improving.

 

US companies and governments last month created the most number of new jobs since last summer, it was announced Friday.

The job figures seem to indicate that the labour market in the world’s largest economy is recovering from the corona pandemic, aided by the vaccinations against the virus and the government’s support measures in Washington against the crisis. President Joe Biden labelled the job growth as a sign of hope.

The Japanese Nikkei index gained 0.8 percent on Monday to 30,089.25 points. Trade was also resumed in South Korea. There, the leading indicator went up 0.3 percent in the meantime. Other large stock exchanges in the region, for example, in China or Australia, were closed for another day.

Because the New York stock markets were closed on Good Friday, Wall Street itself has not yet responded to the latest US job figures.

That won’t happen until later on Monday when US stock trading resumes after the Easter weekend. In Europe, the stock exchanges will not open again until Tuesday.

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