World stocks were mixed on Monday, while oil prices rose after the Israeli military said Missiles were fired from Gaza Israel set off sirens in central Tel Aviv on Oct. 7, marking the one-year anniversary of the Hamas attack.
Shares in Europe fell after a day of strong gains in Asia. The CAC 40 in Paris was down 0.1% at 7,530.43. Germany’s DAX lost 0.3% to 19,059.46 and London’s FTSE 100 fell 0.1% to 8,275.18.
Futures for the S&P 500 and the Dow Jones industrial average were down 0.4%.
Asian stocks posted surprisingly strong gains Strong US jobs report That sparked a rally on Wall Street on Friday and lifted optimism about the economy.
Japan’s Nikkei 225 index rose 1.8% to 39,332.74 after the yen fell against the dollar. The Japanese currency has risen on speculation over the central bank’s plans for interest rates since Prime Minister Shigeru Ishiba took office last week. Low interest rates tend to boost the prices of stocks and other assets, and both Ishiba and the central bank governor suggested no hikes soon.
Nintendo gained 4.4% following news that Saudi Arabia’s wealth fund plans to increase its investment in Japan-based video game maker Kyoto.
A policy talk On Friday, Ishiba said he wanted to see wages rise to outpace inflation and encourage investment to create a “virtuous cycle of growth and supply.” He promised economic support for low-income families and measures for regional recovery and disaster resilience.
But he has offered no major new initiatives, and his initial public support ratings are around 50% or lower, relatively low for a new leader, according to Japanese media. He plans to dissolve parliament on Wednesday for an October 27 election.
After briefly gaining against the dollar, the yen fell again late last week. Early Monday, the dollar traded at 148.34 yen, up from 148.72 late Friday. The euro rose to $1.0974 from $1.0967.
Elsewhere in Asia, Hong Kong’s Hang Seng index rose 1.6% to 23,099.78, while Seoul’s Kospi rose 1.6% to 2,610.38.
Taiwan’s Taiex rose 1.8%.
Mainland Chinese markets reopen from a weeklong holiday on Tuesday, and the government said it plans to explain details of the plans. Economic stimulus At a morning press conference in Beijing. Ahead of the start of the National Day holiday on October 1, announcements of policies aimed at reviving a sluggish property market lifted equity benchmarks sharply and could bring more volatility this week.
“More fiscal stimulus to stabilize the property market and restructure local government debt, more capacity to rebalance the economy and structural reforms to address deflationary issues are needed,” B of A Securities said in a research note, pointing to the continued decline. Home sales, home prices and credit growth.
On Friday, the S&P 500 edged up 0.9% to close It hit an all-time high on Monday. The Dow rose 0.8% and the Nasdaq rose 1.2%.
Worries are over Tensions in the Middle East As the world waits to see how, oil prices have skyrocketed Israel Responds to October 1 Missile attack by Iran.
Monday Surprise cross-border barrage Israel is unprepared for a major Jewish holiday as the nation mourns the hundreds killed in the Oct. 7, 2023 attacks. The hostages are still being held captive Soldiers trying to save them were injured or killed.
After minor losses earlier in the day, U.S. benchmark crude rose $1.26 to $75.64 a barrel, while international benchmark Brent crude rose $1.09 to $79.14 a barrel.
In a report Friday, the U.S. government said employers added 254,000 more jobs to their payrolls than they cut last month. That was an acceleration from the 159,000 hiring pace in August and blew past economist forecasts.
The latest encouraging Data on the economy have raised hopes that the job market will continue after central bank pressure Brakes on the economy By high fees for stamping High inflation.
There is a central bank Interest rates began to fall And Friday’s jobs report is so strong traders now predict it won’t deliver another half-point interest rate cut by the end of the year after doing so in September.
