Asia Stocks Climb On Hope, U.S. stock market looks to domestic help

U.S Markets Look to Domestic Jobs Data

NEW YORK (MarketWatch) — U.S. stocks in the days ahead will seek to recover from a bashing that had the Dow industrials down for a third week in the past four and joining other benchmarks in negative turf for 2011.

So the next few days in next week the markets will be watching closely the fake Jobs data we will know how that will end up.

Meanwhile In Asia the Asiaian Stocks Climb reacted to reports of some positive developments in the European debt crisis.


Asia Stock Rally On Hope.

SYDNEY (MarketWatch) — Asian shares jumped on Monday, as investors reacted to reports of some positive developments in the European debt crisis.

Europe has served as a main source of that uncertainty and, over the weekend, reports emerged that the International Monetary Fund may provide financial support for Italy, which saw its government bond yields surge again on Friday. Bond yields move inversely to prices.

I would say that these rallies are always short and they wont last that long.

That's right the rallies won't last long. They seem to have a shorter half-life each time. The latest rally is probably due to the IMF working on a massive bailout of Italy (and Spain too I think).