Asia Stocks Muted As Cheer Over US Jobs Fades
Among individual stocks, Japanese mobile phone carrier Softbank Corp. jumped 2.9 percent after reports said it will launch a smartphone-based health service in the coming months, Kyodo News reported. Australian resource-related shares rose. OZ minerals surged 6.3 percent. BHP Billiton, the world's largest mining company, rose 1.9 percent.
Analysts at DBS Bank Ltd. in Singapore said in a commentary that investors view the U.S. economy as one that is "growing, more or less, and that's a heck of a lot better than what's going on in Europe," which is mired in recession.
Benchmark oil for June delivery was up 6 cents to $95.68 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 54 cents to finish at $95.62 per barrel on the Nymex on Tuesday.
In currencies, the euro rose to $1.3117 from $1.3084 late Tuesday in New York. The dollar fell to 98.84 yen from 99.40 yen.___ Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV