TOKYO (Reuters) - Crude prices climbed more than 1% on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure.
TOKYO (Reuters) - 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.
The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week.
The economic activity in the US service sector expanded at an impressive pace in April with the IHS Markit's Services PMI rising to 64.7 (final), new series high, from 60.4 in March. This reading came in better than the market expectation and the flash estimate of 63.1.
Production of natural rubber decreased 27.6 per cent in March 2021 to 36,068 tonnes as compared to 49,840 tonnes in the previous month. On the contrary, year on year comparison showed an increase of 4.5 per cent.
China's exports growth unexpectedly accelerated in April as the brisk U.S. recovery and stalled factory production in other countries hit by coronavirus propped up demand for goods made in the world's second-largest economy.
