- Asian stock markets : https://tmsnrt.rs/2zpUAr4
- Markets relieved by ‘goldilocks’ payrolls report
- Nasdaq futures steady as G7 agrees on global corporate tax
- U.S. CPI data, ECB meeting loom large this week
SYDNEY, June 7 (Reuters) – Asian shares firmed on Monday while the dollar wavered after the anxiously awaited May U.S. payrolls report showed the recovery on track but not so hot that it might bring forward a policy tapering from the Federal Reserve.
Investors were curious to see how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, though getting the approval of the whole G20 could be a tall order. read more
So far, the reaction was muted with both Nasdaq and S&P 500 futures little changed.
Also of interest will be the tussle over U.S. President Joe Biden’s proposed $1.7 trillion infrastructure plan with the White House rejecting the latest Republican offer. read more…