News
        US Stock Index Futures and Asian Stock Rising


 bearing in stock

if you are interested in it , Get free samples :sales@edabearings.com

U.S. stock index futures and Asian stock markets rose Monday after the United States and Mexico reached an agreement to crack down on illegal immigrants in Central America, lifting the U.S. tariff threat to Mexico, and weak U.S. non-farm employment data raised expectations for interest rate cuts.
The Mexican peso MXN = jumped 1.75% to 19.2579 in early Asian trading, supported by news of the elimination of tariff threats.
Market sentiment has generally eased, as investors had feared that if the United States opened another front while fighting trade with China, it could lead to a recession in the United States and other economies.
E-Mini S&P 500 Index futures rose 0.4%, 10-year U.S. Treasury yields rebounded 3 basis points to 2.115%, and hit a 21-month low of 2.053% on Friday due to weak employment data.
Japan's Nikkei index. N225 rose 1.2%, Korea's Composite Stock Index (KOSPI). KS11 rose 0.55%. Australian stock markets were closed for holidays, and the MSCI Mingsheng Asia-Pacific (except Japan) index was almost flat.
Improving risk appetite also boosted the dollar's rise against the yen by 0.15% to 108.38 yen.
"The agreement with Mexico boosts confidence, while expectations of interest rate cuts in the United States will also support stock prices." Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management, said.
"But because the most important issue affecting the market, the U.S. -China trade negotiations, has so far made limited progress, stock prices can only rise so much." He added.
Expectations that the Federal Reserve would cut interest rates kept the dollar on the defensive after the Labor Department released its weak employment report.
Data show that 75,000 new non-farm jobs were created in the United States last month, much lower than the expected 185,000 increase in the Reuters poll.


PREVIOUS:Foxconn fled to Mexico, but did not evade tariffs.        NEXT:Japan's GDP growth in the first quarter was upgraded by capital expenditure