SYDNEY/HONG KONG: Asian stock markets stayed within tight ranges on Friday amid thin holiday trade and as investors awaited the release of key U.S. jobs data and other directional cues.
Oil prices plunged after U.S. crude production output set a new record, though the losses were capped by the intensifying political crisis in Venezuela and the stopping of Iranian oil sanction waivers by Washington.AdvertisementInvestors await U.S. employment figures due later in the day, which is forecast to show 185,000 net new jobs were added in April and the unemployment rate steady at 3.8 percent.
"There'll be more than one eye on what the report says about average earnings growth that's expected to grow a meager 0.1 percent," said National Australia Bank economist David de Garis.Global policymakers are grappling with tepid wage growth and lukewarm inflation despite a surge in jobs and still strong economic expansion, complicating monetary policy decision-making.
"Investors are still too optimistic about the outlook for earnings growth. As earnings disappoint, we think that stock markets will drop around the world."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manulife US Reit raises US$94m in oversubscribed issue of new units at US$0.824 apieceMANULIFE US Reit has raised US$94 million from the issue of 114.1 million new units at US$0.824 per unit. The issue price represents a 4.37 per cent discount to the unit's price of US$0.86 as at 10.13am on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
ARA US Hospitality Trust prices IPO at US$0.88 per stapled security to raise US$498mARA US Hospitality Trust has priced its initial public offering (IPO) at US$0.88 per stapled security, according to registration documents on May 2. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian markets calm as investors await US jobs reportAsian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
How Russia contaminated US$2.7 billion of oil exports to EuropeIt was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. 'What the hell does it say?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Shares get a lift from strong earnings, US GDP[BENGALURU] European shares finished higher on Friday as some strong earnings and data showing US economic growth in the first-quarter beat expectations helped cut losses from earlier in the session. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
PG&E seeks US court approval for US$105 million fund to help wildfire victimsPG&E Corp on Wednesday sought court approval for a US$105 million fund to help house victims of the wildfires blamed on the bankrupt California ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Keppel Corp ups limit of medium-term note programme to US$5b from US$3bOFFSHORE and marine company Keppel Corp has increased the investable limit of its multi-currency medium-term note programme to US$5 billion from US$3 billion. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US cyber spies unmasked many more American identities in 2018 - US reportU.S. cyber spies last year unmasked the identities of nearly 17,000 U.S. citizens or residents who were in contact with foreign intelligence ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Manulife US Reit launches private placement to pay for US office dealMANULIFE US Reit is buying two office towers in Virginia for US$122 million, and will pay for the bulk of this in a fresh private placement, with the rest of the purchase amount to be debt-funded. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
KBS Prime US Reit plans up to US$705 million IPO in JuneKBS Realty Advisors, the US-based real estate private equity firm which has been eyeing a second Reit listing in Singapore since last year, is reaching out to investors again with plans to list KBS Prime US Reit in June. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
ARA US Hospitality Trust seeks to raise US$451 million in Singapore IPOSINGAPORE: ARA US Hospitality Trust launched an initial public offering in Singapore on Thursday to raise about US$451 million, for what would be ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »