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His match with Hanfmann will resume on Tuesday and the winner will face Djokovic on Wednesday
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Oil prices higher in Asian trade
Oil rose in Asian trade on Friday as the market cheered a successful Spanish bond sale, but gains were limited by downbeat US economic data, analysts said.
New York’s main contract, West Texas Intermediate crude for delivery in May, was up 46 cents to $102.73 per barrel while Brent North Sea crude for June gained 40 cents to $118.40 in the afternoon.
“Eurozone worries eased on strong investor demand for Spanish bonds and as the recent price slump encouraged fresh buying,” Phillip Futures said in a market commentary.
Spain — one of the eurozone’s debt-strapped economies — paid a higher borrowing rate in a key auction of 10-year bonds Thursday but managed to keep it below the psychologically key six percent level.
Rates above 6.0 percent are generally perceived to be unsustainable over the longer term.
Spain’s Treasury raised a higher-than-expected 2.541 billion euros ($3.3 billion) in an issue of two- and 10-year bonds, topping its target of 1.5-2.5 billion euros.
Investors were relieved by the result of the auction, initially fearing that a flop could unleash new attacks on Spain’s sovereign debt, reigniting the eurozone debt crisis and thereby ravaging global energy demand.
However, a slew of weak economic data from the United States weighed on markets, analysts said.
US Labour Department figures released Thursday showed initial jobless claims fall by 2,000 to 386,000 in the week ended April 14, far short of the 375,000 expected by analysts, raising concerns over the recovery of the country’s beleaguered labour market.
Existing home sales also decreased 2.6 percent in March from a month earlier, below analysts’ expectations, the National Association of Realtors said, according to Dow Jones Newswires.
Rumours of an imminent rating downgrade in France just days ahead of a presidential election was also a cause of concern for investors, despite the fact that a government source rejected the idea.
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