@@@@ IMPORTANT DATA AND EVENTS TO WATCH @@@@ OCTOBER 6th Asian equities were mostly higher on Monday following a better-than-expected U.S. jobs report but caution remained over Hong Kongs protests. All three U.S. indices jumped more than 1 percent on Friday after data showed the jobless rate falling to 5.9 percent in September and companies adding 248,000 in payrolls. Despite beating estimates, the report didnt warrant much excitement, analysts warned. The average hours worked was still well below the historical average, showing part-time work is more prevalent than full-time. The labor market still has plenty of slack in it. The strong employment numbers mean the economy is moving, but its not so strong that the Fed would jump the gun with moving rates, said Evan Lucas, market strategist at IG. As pro-democracy protests in Hong Kong enter a second week, talks between authorities and student leaders remain in a deadlock. Over the weekend, clashes broke out in the Mong Kok area with protest camps under attack by men in opposition to the democracy movement. The government set a deadline of Monday morning for the police to restore access to government headquarters. Markets in China, Australia, India,Indonesia, Malaysia and Singapore are closed today, to resume tomorrow, while mainland China remains shut until Oct. 8 for the National Day holiday.
Posted on: Mon, 06 Oct 2014 00:54:05 +0000
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