Asian shares advance after U. S. jobs, ISM
TOKYO (Reuters) – Asian shares climbed to 18-month highs on Monday after U. S. data showed some promise of a credible recovery but not strong enough to threaten the Federal Reserve’s easing plans, while momentum also gained on firmer manufacturing data from Europe and China. The yen took a break from heavy selling against the U. S. dollar and the euro, but fell to its lowest since August 2008 against the Australian and New Zealand dollars early on Monday on confidence of bold monetary support from the Bank of Japan to overcome the country’s stubborn deflation. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply