Stock market today: Asian markets mixed following hotter-than-expected US jobs report

released Friday came in hotter than expected, while the euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday's parliamentary election .Trading in Asia was muted with markets in China, Hong Kong, Australia and Taiwan closed for holidays.contracted at an annualized 1.8% pace in January-March compared to the previous quarter, an upward revision from the previously announced 2% drop.

The yield on the 10-year Treasury jumped to 4.43% from 4.29% just before the jobs report was released. The two-year yield, which more closely tracks expectations for the Fed, jumped to 4.89% from 4.74% prior to the report's release. Fed officials are expected to hold interest rates steady at their meeting later in this week. After the jobs report came out, investors took even more bets off the table that the Fed would cut rates at its July meeting, according to data from CME Group.

-- Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community.

Source: News Formal (newsformal.com)

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