economy: Last News

Asian shares mixed after Wall Street takes pause on optimism

TOKYO – Asian shares were mostly higher Thursday, after Wall Street took a pause from the optimism underlined in a record-setting climb earlier in the week.A reality check appeared to be setting in amid the ongoing coronavirus pandemic, and a batch of discouraging data on the U.S. economy, including jobless numbers.

U.S. markets will be closed Thursday for the Thanksgiving holiday.

They will be open for half the day on Friday, closing at 1 p.m. Eastern.“The cautious mood that had been observed in the U.S.

market had transpired to Asia into Thursday with recent euphoria equally running out of steam into midweek,” said Jingyi Pan, senior market strategist at IG in Singapore. Japan's benchmark Nikkei 225 gained 0.7% to 26,472.78 in afternoon

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economy: Main News

WASHINGTON (AP) - The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.The Labor Department's report Wednesday said jobless claims climbed from 748,000 the week before.
TOKYO – Asian shares were mostly higher Thursday, after Wall Street took a pause from the optimism underlined in a record-setting climb earlier in the week.A reality check appeared to be setting in amid the ongoing coronavirus pandemic, and a batch of discouraging data on the U.S. economy, including jobless numbers.

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