Connect with us

Business

Asian stock markets rise ahead of US jobs data

Published

on

 


BEIJING Asian stock markets rose on Friday ahead of an update on the health of the US jobs market as the Federal Reserve ponders whether further rate hikes are needed to calm soaring inflation.

US futures and oil prices rose slightly.

Investors were eagerly awaiting monthly U.S. jobs numbers for signs of weakness that could prompt the Fed to decide it needs to ease aggressive rate hikes to calm inflation. Other data suggests the economy is slowing, which should reduce upward pressure on prices.

“It is likely that particular attention will be paid to the resilience of job growth” after an uptick in jobless claims, ActivTrades’ Anderson Alves said in a report.

The Shanghai Composite Index rose less than 0.1% to 3,191.88 while the Hang Seng in Hong Kong rose less than 0.1% to 20,192.77.

The Nikkei 225 in Tokyo gained 0.7% to 28,131.87 after labor incomes in June rose 2.2% from a year ago, although forecasters warned that strength will not probably wouldn’t last. Workers receive semi-annual bonuses in June.

Seoul’s Kospi gained 0.7% to 2,490.91 and Sydney’s S&P ASX 200 rose 0.4% to 7,002.90.

Investors fear that rate hikes by the Fed and other central banks in Europe and Asia to rein in inflation that is at multi-decade highs could derail economic growth.

The Fed has raised its benchmark rate twice by 0.75 percentage points this year, three times its usual margin and the biggest increases since the early 1990s.

Fed officials have tried to calm fears that the United States could tip into a recession by pointing to a strong labor market as evidence that the economy can tolerate higher borrowing costs.

The number of Americans applying for unemployment benefits last week rose by a modest 6,000 from the previous week to 260,000, the Labor Department reported Thursday. Early applications typically reflect layoffs, but forecasters still see the labor market as one of the strongest sectors in the economy.

Data earlier this week indicated that the number of new U.S. job openings advertised had slipped, but were still near record highs.

On Wall Street, the benchmark S&P 500 closed down 0.1% on Thursday as investors digested corporate earnings reports and awaited jobs data.

The S&P 500 fell to 4,151.94 and the Dow Jones Industrial Average fell 0.3% to 32,726.82. The Nasdaq composite rose 0.4% to 12,720.58.

In energy markets, benchmark U.S. crude gained 30 cents to $88.84 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell from $2.12 the previous session to $88.54. Brent crude, the price basis for international trade, advanced 22 cents to $94.34 a barrel. It fell from $2.66 the previous session to $94.12.

The dollar gained 133.14 yen from 132.91 yen on Thursday. The euro fell to $1.0237 from $1.0249.

Sources

1/ https://Google.com/

2/ https://www.startribune.com/asian-stock-markets-rise-ahead-of-us-jobs-data/600195581/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]