04 Apr '11, 9pm

Asian stocks near three-year high, spurred by US data - TODAYonline #b2b

SINGAPORE - Asian share prices rose to their highest in nearly three years yesterday after strong United States jobs growth spurred optimism about the global economy, while the euro hit an 11-month peak against the yen. Meanwhile, the price of crude oil rose to its highest in two-and-a-half years as tensions in the Middle East and escalating battles in Libya stoked fears of supply disruptions. Data showing US employment grew solidly for a second month in March boosted Wall Street on Friday. Non-farm payrolls rose by 216,000 last month in the world's largest economy, the US Labour Department said on Friday in its survey of employers. The February number was revised to show an increase of 194,000 jobs, from a previous estimated gain of 192,000. The unemployment rate edged down to 8.8 per cent last month, the lowest level since March 2009. Since November, the US jobless rate ...

Full article: http://www.todayonline.com/Business/EDC110405-0000310/Asi...

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