“Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world’s largest economy, prompting investors to curb risk exposure ahead of more U.S. data and earnings as well as figures from China this week,” Chikako Mogi reports for Reuters.
“Friday’s data showed U.S. payrolls grew by 120,000 in March, far below the expected gain of 203,000 jobs for the smallest rise since October, keeping the door open for the Federal Reserve to provide more monetary support to the fragile economy,” Mogi reports. “Industrial commodities such as copper and oil fell on growth worries while the potential for more Fed easing helped gold rebound but pressured the dollar.”
Mogi reports, “U.S. markets will focus on the beginning of the earnings season, with earnings growth expected to be 3.2 percent for the first quarter, but that figure falls to 1.8 percent on the year when excluding Apple Inc, the world’s biggest company by market value.”
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Apple to webcast Q212 earnings release conference call on April 24 – April 3, 2012