Morning Report

Equity

Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strong U.S. jobs and manufacturing data

MSCI’s broadest index of Asia-Pacific shares outside Japan was basically unchanged, capped below the four-month peak scaled on Friday.

Japan’s Nikkei added 0.4 percent.The Dow nudged up 0.26 percent while the Nasdaq shed 0.25 percent on Friday.

U.S. Labor Department report on Friday showed nonfarm payrolls jumped by a stronger-than-forecast 304,000 jobs last month, the largest gain since February 2018.

That report, along with better-than-expected ISM manufacturing activity numbers for January, pointed to underlying strength in the world’s biggest economy.

Currency

On Monday, the U.S. currency was a shade higher at 109.55 yen after advancing 0.6 percent on Friday.

The euro was little changed at $1.1455 after getting pulled back from a high of $1.1488 on Friday.

The Australian dollar was steady at $0.7250 after slipping 0.4 percent the previous session.

Bonds and Oil

The benchmark 10-year U.S. Treasury yield was at 2.691 percent after climbing nearly 6 basis points on Friday to pull away from a four-week low of 2.619 percent earlier last week.

U.S. crude oil futures inched down 0.04 percent to $55.24 per barrel after surging 2.7 percent on Friday.

Oil prices had rallied on the upbeat U.S. jobs report, signs that Washington’s sanctions on Venezuelan exports have helped tighten supply and data showing U.S. drillers cut the number of oil rigs.

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