Oil Holds After 8th Weekly Advance as Drill Rig Count Declines

Oil held gains after rising for an eighth week as U.S. drillers reduced the number of active rigs to the fewest in more than four years.Futures were little changed in New York after capping a 0.4 percent gain on Friday, the longest run of weekly increases since February 2013. The rig count declined by 11 to 668, the lowest level since September 2010, according to Baker Hughes Inc. The Organization of Petroleum Exporting Countries, which...

Dollar Bulls Dealt Setback as Job Gains Fail to Lift Fed Outlook

Dollar bulls are taking little comfort in the budding recovery in the U.S. employment market.The U.S. currency fell against most of its major peers after the Labor Department said payrolls rebounded in April following an even bigger setback a month earlier than previously estimated. That’s pushed out trader expectations for when the Federal Reserve will begin raising interest rates, which up until the middle of April had underpinned a nine-month...

Asian Stocks Climb Second Day After China Rate Cut, U.S. Jobs

Asian stocks rose for a second day after China cut interest rates for the third time in six months and U.S. shares jumped following an official jobs report.The MSCI Asia Pacific Index added 0.6 percent to 152 as of 9:01 a.m. in Tokyo. China is bolstering stimulus amid subdued inflation and a weak trade profile, signs Asia’s largest economy may struggle to reach its annual growth target of about 7 percent. The Standard & Poor’s 500 Index...

Japan Stocks Rise Second Day Following China Rate Cut, U.S. Jobs

Japanese stocks rose for a second day after China’s central bank cut interest rates for the third time in six months and following a rebound in U.S. hiring.Toshiba Corp. is set to plunge after the company on Friday withdrew its earnings forecast for last year and said it won’t pay a year-end dividend after finding improper accounting on infrastructure projects.The Topix index climbed 1.2 percent to 1,607.41 as of 9:01 a.m. in Tokyo, with...

Saham AS Ditutup Naik Pasca Rilis Data Pekerjaan; Pound Catat Gain

Saham AS ditutup naik tajam dalam hampir dua bulan terakhir dan Treasuri naik karena reboundnya pada data payroll mendorong optimisme pertumbuhan ekonomi, tetapi tidak cukup untuk menjamin kenaikan suku bunga pada bulan Juni. Indeks Standard & Poor 500 naik 1,3% pada 4 sore di New York, untuk dalam 0,1% dari rekor. Imbal hasil obligasi dengan tenor 10-tahun turun empat basis poin menjadi 2,14%, memangkas kenaikan mingguan. Indeks...