• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Asia-Pacific markets set to trade mixed after positive U.S. jobs report

by
July 11, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Climate groups react to Senate passing the Inflation Reduction Act

Winners and Losers In Democrats’ Signature Tax and Energy Bill

Senate Passes Climate Bill. The Rush to Renewable Energy Is On.

Senate passes sweeping climate, health and tax package, putting Democrats on cusp of historic win

SINGAPORE — Futures in the Asia-Pacific region pointed to a mixed open following better-than-expected jobs data in the U.S.

The Nikkei futures contract in Chicago was at 26,815 while its counterpart in Osaka was at 26,800. That compared against the Nikkei 225’s last close at 26,517.19.

In Australia, SPI futures were at 6,597, lower than the S&P/ASX 200‘s last close at 6,678.

U.S. nonfarm payrolls for June surprised to the upside on Friday, coming in at 372,000, according to the Bureau of Labor Statistics. That’s well above the Dow Jones estimate of 250,000. The unemployment rate was unchanged from May at 3.6%.

That jobs report helped to reduce recession fears somewhat, economists said.

Stock picks and investing trends from CNBC Pro:

Cathie Wood’s Ark Innovation ETF could be headed for an explosive breakout, chart pattern suggests

Citadel’s flagship hedge fund climbs 4% during June’s market rout, brings 2022 returns to nearly 18%

Underwater bitcoin miners are turning up the selling pressure on crypto

Japan’s ruling coalition is set to increase its majority in the upper house of the country’s parliament, local broadcaster NHK projected. Voters headed to the polls two days after former Prime Minister Shinzo Abe was assassinated while campaigning on behalf of the Liberal Democratic Party in the city of Nara.

Elsewhere over the weekend, city officials said nearly all commercial and industrial businesses — including casinos — in Macao will shut for one week from Monday in a bid to stop the spread of Covid-19, according to Reuters.

In company news, China imposed fines on several companies, including tech giants Alibaba and Tencent, for not complying with anti-monopoly rules on disclosure of transactions, according to Reuters.

Singapore and Malaysia markets are closed for a holiday on Monday.

Later this week, the U.S. will report inflation data, while China will release its GDP, industrial production and retail sales data. Earnings season also kicks off this week.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 107.009.

The Japanese yen traded at 136.27 per dollar, weaker than levels seen last week. The yen strengthened on news that former Prime Minister Shinzo Abe had been shot Friday. The Australian dollar changed hands at $0.6848.

— CNBC’s Jeff Cox contributed to this report.

Next Post

Biden says he's mulling health emergency for abortion access

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Climate groups react to Senate passing the Inflation Reduction Act

by
August 7, 2022
0

Mint Images | Mint Images Rf | Getty Images The Senate passed the most ambitious climate spending package in U.S....

Read more

Climate groups react to Senate passing the Inflation Reduction Act

Winners and Losers In Democrats’ Signature Tax and Energy Bill

Senate Passes Climate Bill. The Rush to Renewable Energy Is On.

Senate passes sweeping climate, health and tax package, putting Democrats on cusp of historic win

Republicans block cap on insulin costs for many Americans from Democratic deal

‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here are 3 stocks she likes now

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.