Asia stocks near 1-mth high; euro dips
SINGAPORE, Sept 7 (Reuters) - Asian stocks hovered near one-month highs as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks.
"Concerns about euro zone banks have been growing again, hitting investor sentiment that had improved a little after better-than-expected U.S. jobs data last week," said Tsutomu Soma, senior manager of the foreign securities department at Okasan Securities.
GLOBAL MARKETS: Growth hopes boost equities; Wall St closed
LONDON, Sept 6 (Reuters) - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.
With U.S. markets closed for the Labour Day holiday, Friday's encouraging news about the employment picture continued to spill over into trading on Monday.
"After a string of disappointing numbers, the data last week provided an element of stability and helped increase risk appetite," said Henk Potts, equity strategist at Barclays Wealth.
U.S. jobs data lift equities; Wall St closed
LONDON, Sept 6 (Reuters) - Encouraging news about the U.S. employment picture continued to spill over onto financial markets , lifting world stocks on hopes that a slip back into recession could be avoided.
"After a string of disappointing numbers, the data last week provided an element of stability and helped increase risk appetite," said Henk Potts, equity strategist at Barclays Wealth.
U.S. payrolls data offer ray of hope for recovery
WASHINGTON, Sept 3 (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
Nonfarm payrolls fell 54,000 as jobs were lost in the government sector, and the unemployment rate edged back up to 9.6 percent, but the private sector, considered a better gauge of labour market health, added 67,000 jobs, according to the U.S. Labor Department on Friday.
ANALYSIS-Obama running out of options to aid housing market
WASHINGTON, Sept 3 (Reuters) - A further downturn in the battered U.S. housing market has put the Obama administration in a tough spot with few tools to stem foreclosures ahead of congressional elections in which Democrats face big losses.
The administration has a $50 billion war chest to fight foreclosures, yet only around $200 million has been disbursed in a program narrowly tailored to help responsible borrowers.
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