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Bangkok Post
Bangkok Post
Business

Most Asian shares rise, oil prices up after Saudi output cuts

Oil Asia United States US Federal Reserve the Federal Reserve Saudi Arabia China Jobs Report Sydney
A man is reflected on a monitor displaying a stock quotation board outside a bank in Tokyo, Japan, on Monday. (Reuters photo)

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

The optimism is set to run into some resistance in Europe, with pan-regional Euro Stoxx 50 futures down 0.2%. S&P 500 futures dipped 0.1% and Nasdaq futures dropped 0.4%.

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