Asian shares slip, China trade data awaited TOKYO | By Lisa Twaronite
Sun Jun 7, 2015 8:29pm EDT
An index of Asian shares slipped on Monday, while the dollar stuck close to a 13-year high against the yen hit after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early as September.
U.S. nonfarm payrolls jumped 280,000 last month, the largest gain since December, while payrolls for March and April were revised to show 32,000 more jobs were created than previously reported, the Labor Department said.
"We view this report as supporting our view that the Q1 softness was likely temporary and driven by one-off factors," strategists at Barclays said. "We see the economy returning to more solid growth from Q2 onwards and the recovery being sustained."