World stocks mixed after US job data back Fed rate outlook
HONG KONG (AP) — World stock markets were mixed Monday while the dollar regained some strength after a U.S. job report showed strong wage gains, giving more ammunition to U.S. policymakers planning further rate rises.
ANALYST VIEW: "U.S. markets have closed off the first week of the year with a steady set of gains across sectors and the same can be seen in most Asian markets," said Jingyi Pan, market strategist at IG in Singapore.
Potential market-moving events this week include the release of China inflation and Japanese consumer confidence figures on Tuesday.
On Wednesday, U.S. President-elect Donald Trump has scheduled a long-awaited news conference on his global business empire, though Asian markets won't be able to react until the following day.
The latest figures underline Beijing's willingness to use its huge stockpile of foreign currency to stabilize the yuan, which has been declining as residents and companies send more money overseas amid flagging confidence in China's economy.
U.S. benchmark crude oil slipped 34 cents to $53.65 a barrel in electronic trading on the New York Mercantile Exchange.