Asian stocks rose for the first time in four days, after the data showed the steadfastness of the US job market, despite the fear that the trade war launched by President Donald Trump is pushing the global economy to the recession. The regional index rose 0.7%, while the South Korean “Cosby” index rose 2.4% after the election of a new country president, who finished six months of political chaos. China and Hong Kong indicators varied during the opening. The dollar fell 0.1% after it scored profits in the previous session. The yield on US treasury bonds has dropped for ten years, one basis point to 4.44%. Days before the US postal report was issued, the sudden increase in the number of vacancies strengthened the market moral, urging the S&P 500 and “Nasdac 100” indicators to rise. This contributed to calming the investors’ concerns after the ‘economic cooperation and development organization’, based in Paris, said Trump’s collision policies urged the world economy to the recession, while the United States was particularly affected. The rise of the shares despite the risks, Kyle Roda, the chief analyst at Capital.com, wrote in a memorandum on Wednesday: “More indicators indicate the steadfastness of US economic data, that the US stock market is still climbing despite the continued risks of US commercial policies.” He added: “Wall Street has challenged the recent increases in customs duties, and indicators of increasing tensions between the United States and China, and continued to rise.” The large number of vacancies contributed to strengthening the position of the “Federal Reserve” that the labor market is in a good position. Some economists fear a more clear decline in the coming months under the weight of customs duties, but this has not yet been reflected in the data, which supports the position of “reserve” officials to maintain interest rates without change. The market continued its expectations by reducing the benefit of the “Federal Reserve” this year, which begins in October. However, traders have raised their inner interests against possible sharp changes in the road, amid continued questions about the impact of Trump’s changing economic policy. “The vacancies that came higher than expected are a positive indication of the economy, as there was a widespread concern that the uncertainty about customs duties that tax companies,” says Chris Zakareli of North Direight Asset Management. In terms of trading, the United States has renewed that Trump and Chinese President Xi Jinping ‘will call’ soon ‘. White House spokesman Caroline Levit said the administration carefully monitor the extent of China’s commitment to the Geneva trade agreement. Optimism about a US -India trade agreement, according to the White House, sent the US Office for Commercial Messages to commercial partners to remind them of the approaching deadline in negotiations. Howard Lootnick, Minister of Trade, said it was ‘very optimistic’ on the opportunities to reach an agreement between the United States and India. Meanwhile, Australia’s GDP recorded 0.2%in the first quarter, which is less than estimates that indicate 0.4%. Australian mortgage returns for 3 years have continued to fall after the data was released. In Asian Companies News, the shares of “Toyota Industries” fell 13%, which is the biggest loss in nine months, after announcing a privatization agreement. The plan has sharply criticized investors and analysts who saw that the agreement significantly reduced the value of the business. In a related context, Trump signed a decision to increase customs duties on steel and aluminum imports of 25% to 50% from Wednesday, in a step representing a fulfillment of its promise to support local manufacturers by increasing tax on imports. The prices of these minerals jumped in the United States on Monday. In other commodity markets, oil prices stabilized after two days.
Asian stocks are rising with the support of US work data and South Korea election
