In Asian Equity Markets the Nikkei 225 made convincing gains, with the benchmark advancing 1.36 percent as most sectors rose. Automakers and shippers were among the best-performing sectors in the morning, with the broader Topix climbing 1.53 percent. Hong Kong’s Hang Seng Index, meanwhile, jumped 1.32 percent as technology and financial shares led the move higher. Gains elsewhere in the region were moderate, with the Kospi edging higher by 0.52 percent in Seoul and the S&P/ASX 200 tacking on 0.71 percent in Sydney. The Shanghai composite edged up by 0.7 percent and the smaller Shenzhen composite tacked on 0.41 percent.

In Currency Markets the US dollar gained against the yen on Monday after the release of an upbeat U.S. jobs report, although uncertainty over potential political risks kept the currency’s near-term outlook murky. The dollar added 0.15 percent to 109.660 yen following a rise of 0.6 percent on Friday. Closely watched data out on Friday showed U.S. jobs growth gathering pace and wages rising in May, making a rate hike by the Federal Reserve in June a near certainty and increasing expectations of a fourth hike this year. The euro rose 0.2 percent to $1.1685, recovering the bulk of Friday’s losses.

In Commodities Markets oil prices were down again on Monday morning in Asia due to record U.S. output and continued expectations that OPEC producers may decide to boost output later this month. Crude Oil WTI Futures for July delivery were trading at $65.75 a barrel, down 0.09%. Brent crude futures for August delivery, traded in London, were down 0.30% at $76.56 per barrel. Meanwhile, U.S. drillers are picking up the pace. Baker Hughes energy services firm said on Friday that U.S. drillers added two oil rigs last week, bringing the total number to 861 which is a record since March 2015. This is also the eighth time they added rigs in the past nine weeks.

In US Equity Markets stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased. The S&P 500 gained 1.08 percent, to 2,734.62 and the Nasdaq Composite added 1.51 percent, to 7,554.33. Technology stocks led the rally, with gains in heavyweight companies such as Apple, Microsoft and Alphabet lifting the S&P 500 tech index to a record high. For the week, the S&P rose 0.48 percent, the Dow lost 0.48 percent, and the Nasdaq gained 1.62 percent. The CBOE Volatility index ended down at 13.46, its lowest closing level in a week.

In Bond Markets U.S. Treasury yields rose on Friday, with benchmark 10-year notes on track for their largest one-day yield increase in two weeks, after data showed the world’s largest economy created more jobs than expected in May, cementing expectations of at least two more rate hikes by the Federal Reserve. U.S. 10-year yields, which move inversely with prices, climbed 8 basis points, the largest daily rise since mid-May. U.S. 30-year yields also had a significant gain, up nearly 8 basis points on the day, the most in two weeks as well. U.S. two-year yields, meanwhile were likewise up at 2.479 percent, from 2.411 percent on Thursday.