Asia-Pacific markets largely rise after Wall Street snapped a four-day losing streak

Japan -0.65%. Japan services PMI for April 55.4 (prior 54.9).

Minutes from Japan’s March monetary policy meeting showed board members were concerned over inflation accelerating at a higher-than-expected pace.

China +1.73%. China’s trade surplus is expected to have eased slightly from $88.2 billion in March to $74.3 billion in April, a Reuters poll of economists showed.

Hong Kong +0.72%.

Australia +0.76%. Australia Business confidence (April) 0 (prior -1) and Conditions +14 (prior +16).

Australia Building Permits (March) -0.1% m/m (expected +3.0%).

India +0.99%.

Overnight in the U.S., major US indices are closing sharply higher with the NASDAQ index leading the way, as investors cheered Apple's latest earnings report and welcomed a strong jobs report, which suggested that the economy remained robust despite banking uncertainty and rising interest rates. The NASDAQ index rose 2.25% and traded to the highest level since February 2. The Dow industrial average rose 546.75 points or 1.65% at 33674.39; S&P index rose 75.05 points or 1.85% at 4136.28; NASDAQ index rose 269 points or 2.25% at 12235.40.

In economic news, fresh government data showed that the economy added 253K jobs in April. That marked a significant acceleration from the reading of 165K in the previous month.

On Monday, Taiwan reports its trade data. Economists at Citi expect that in April, Taiwan’s exports declined 21.4% year on year and imports fell 22.6% year on year.

Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, began to recede.

Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $71.42.

Gold prices were listless on Monday, as cautious investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve’s monetary policy stance.

Spot gold was unchanged at $2,016.74 per ounce, as of 0148 GMT. U.S. gold futures were flat at $2,025.60.

Spot silver fell 0.2% at $25.59 per ounce.

Platinum was steady at $1,059.32, while palladium gained 0.8% to $1,502.75.

US futures lower. Dow Jones -0.09%; S&P 500 -0.13%; Nasdaq -0.09%.