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GLOBAL MARKETS-Asian shares organisation after sound US data


* U.S. jobs information triggers profit-taking yet suggests growth
solid

* Long-awaited HK-Shanghai bond boosts Chinese shares

* Nikkei down as yen rebounds on profit-taking

* Oil rises on renewed geopolitical concerns

By Hideyuki Sano

TOKYO, Nov 10 (Reuters) – Asian shares gained on Monday
after U.S. jobs information forked to plain mercantile growth, with Hong
Kong heading a gains after regulators set a date for a
long-awaited trade couple between a Hong Kong and Shanghai
stock exchanges to open.

MSCI’s broadest index of Asia-Pacific shares outward Japan
rose 1.2 percent, led by 1.8 percent gains in
Hong Kong.

Financial spreadbetters approaching Britain’s FTSE 100
to open 13 to 21 points higher, or adult as most as 0.3 percent,
Germany’s DAX to open down 8 points to flat, and
France’s CAC 40 to open adult as most as 0.2 percent.

“It was a informed combination. Rising payrolls, a falling
jobless rate and low wages. All this means is that a U.S.
economy is tolerably recovering, and no vital change in the
Fed’s process outlook, that should revoke marketplace volatility,”
Tohru Yamamoto, arch bound income strategist during Daiwa
Securities, pronounced in a report.
U.S. employers combined 214,000 jobs in October, somewhat below
economists’ median foresee yet logging a ninth consecutive
month of gains of some-more than 200,000, a longest widen since
1994. Unemployment fell to a six-year low of 5.8 percent.

“The payrolls outcome is understanding for item markets since
it was strong, yet not so clever as to expostulate re-pricing on
risks,” Citi analysts pronounced in a note to clients.

In Asia, meanwhile, Chinese holds rose after regulators
announced that a long-awaited commander programme allowing
cross-border investment between a Shanghai and Hong Kong stock
markets will launch on Nov 17.

The CSI300 index rose some-more 2 percent while the
Shanghai Composite Index also gained 2 percent and Hong
Kong’s Hang Seng index gained 1.8 percent.

Mainland indexes had seen surging volumes in a run-up to
the announcement, as investors poured income into long-neglected
financial holds on mainland exchanges, approaching to be the
primary recipients of investment from Hong Kong.

Chinese mercantile information published during a weekend and on Monday
was churned yet contained few surprises, doing small to change
expectations that Beijing will hurl out some-more impulse measures
to support a economy.

Annual consumer acceleration remained nearby a five-year low of
1.6 percent in October, unvaried from Sep while the
producer cost index fell a deeper-than-expected 2.2 percent in
October from a year earlier.

Trade information on Saturday showed exports were improved than
expected, yet a central Shanghai Securities News pronounced on
Monday a reading showed signs of plan as good as
inflows of suppositional prohibited money.

Japan’s Nikkei bucked a informal trend, falling
0.6 percent as a yen rebounded on profit-taking in a dollar
following a U.S. payrolls data.

The U.S. dollar stepped behind from a four-year rise opposite a
basket of currencies, with a dollar index station at
87.43, retreating from Friday’s 88.190 – a high not seen since
June 2010.

As a dollar slipped, a euro fetched $1.2480, off
a two-year low of $1.2358 strike on Friday.

The yen traded during 114.07 to a dollar, gaining 0.4
percent on Monday and rising serve from a seven-year low of
115.60 per dollar strike on Friday.

The dollar’s tumble carried a smashed bullion cost from 4
1/2-year lows. Gold traded during $1,172.50 per ounce, above
Friday’s low of $1,131.85.

Still, a relations strength of a U.S. mercantile recovery
is expected to underpin a dollar, analysts said.

“We are not changing a bullish dollar view, only that it
needs a solid tide of good information to remind everybody because they
are shopping a banking and a entrance week can't assistance here, we
only pronounce of consolidation,” David Keeble, conduct of global
markets plan for Americas during Credit Agricole, pronounced in a
note.

Oil prices rose on Monday on renewed geopolitical tensions
in a Middle East and Ukraine, with Brent wanton gaining
0.6 percent, fluctuating a liberation from four-year low strike last
Wednesday.

Fierce fighting between Iraqi troops army and Islamic
State insurgents, a third Libyan oil margin closure in a week
and shelling in a pro-Russian building of Donetsk in eastern
Ukraine all helped to lift oil prices.

In Europe, courtesy could spin to Spanish holds after
millions of Catalans voted on Sunday in a mystic referendum on
independence from Spain.

Spanish bond yields rose somewhat on Friday on worries the
vote, while not legally binding, could hint tensions between
Madrid and one of Spain’s wealthiest regions.

(Additional stating by Vidya Ranganathan; Editing by Eric
Meijer)

Article source: http://in.reuters.com/article/2014/11/10/markets-global-idINL3N0T02JJ20141110

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