The coronavirus pandemic has slammed the US labor market.
The benefits of Singapore’s slide towards negative territory are far from certain.
Growing optimism about the global economic recovery pushed Asian markets higher for a third day on Wednesday as investors took heart from a further easing of lockdowns and looked past China-US tensions and civil unrest across America.
Australian shares closed at a near three-month high on Wednesday, boosted by energy and financial stocks, as risk appetite was whetted by prospects of an economic recovery from a coronavirus-induced recession.
Russian exchange indexes ended the trading day on Tuesday with an upward trend, driven by the economic recovery against gradual lifting of lockdown measures.
Russia’s National Mercantile Exchange sold 3,105 tonnes of grain totally worth 32.5 mln rubles ($472,000) within state commodities interventions on June 2, the Exchange said in a statement on Tuesday.
The Bank of Russia sold 11.3 bln rubles ($164.1 mln) worth of foreign exchange on the domestic market with settlements on June 1 as part of preventive measures curbing volatility, the regulator reported on Tuesday.
The dollar-to-ruble rate fell by 0.3%, to 68.9 rubles at the opening of trading on the Moscow Exchange on Tuesday.
The MOEX index added 0.4% and reached 2,760.63 points, the RTS index increased by 0.8% to 1,258.1 points early on Tuesday.
Australian shares closed higher on Tuesday after the country’s central bank reiterated that the impact from the coronavirus crisis could be less damaging than initially feared, repeatedly stoking hopes of a speedy economic recovery.