Monday, 9 November 2015

Nikkei, Shanghai outperform lackluster Asia | Stock Cash Market Tips

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Asian stocks kicked off the new trading week mixed, mirroring the handover from Wall Street amid weakening commodity prices.

Meanwhile, below-view trade figures released at the weekend from China may keep a lid on risk appetite. October exports fell 6.9 percent from a year ago, dropping for a fourth month, while imports slipped 18.8 percent, leaving the country with a record high trade surplus of $61.64 billion, the General Administration of Customs said on Sunday. 
The Nasdaq Composite and Dow Jones Industrial Average edged up 0.4 and 0.3 percent respectively, after a better-than-expected October jobs report raised the likelihood of a December rate hike. The S&P 500 finished flat on Friday. 

According to figures released by the Bureau of Labor Statistics on Friday, nonfarm payrolls grew 271,000 in October, registering a sharp jump from weak August and September numbers. The headline unemployment rate declined to 5.0 percent, declining even as the civilian labor force increased by 313,000.

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