Asian shares jump on hopes for low rates, oil up on cyber attack

 Asian shares jump on hopes for low rates, oil up on cyber attack

A passerby wearing a protective mask is silhouetted in front of a screen of blank prices on a stock quotation board after Tokyo Stock Exchange temporarily suspended all trading due to system problems, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato

Stocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.35%, while U.S. stock futures rose 0.24%.

Australian stocks (.AXJO) hit their highest in more than a year, boosted by gains in miners, and shares in China (.CSI300) rose 0.46%. Japanese shares (.N225) gained 0.91%.

U.S. nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put downward…

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