The rebound came after news the U.S. economy added 287,000 jobs last month, well above median forecasts and recovering ground after a very weak May report. Japan's Nikkei climbed 2.9 percent in the wake of a clear win by the government in upper house elections. SYDNEY: Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields near record lows. There are around a dozen speeches and events scheduled for Fed officials this week, offering plenty of room for messaging. Brent crude was down 32 cents at $46.57 a barrel, while NYMEX crude fell 39 cents to $45.02.- Reuters

Source: The Star July 11, 2016 00:33 UTC