Asian markets advanced Friday as markets awaited key US jobs data, which will offer a key indicator of whether the Federal Reserve will pull the trigger in June. The Japanese yen will also be on investors' radar after the dollar-yen fell below 109 levels Thursday.
Despite the stronger yen, the Nikkei 225 was trading up 0.72 percent in early Asian trade, breaking its two-day losing streak. Down Under, the ASX 200 gained 0.7 percent, buoyed by its energy subindex, which was up 0.82 percent and its industrials subindex, which was 1.01 percent higher.
In South Korea, the Kospi was mostly flat. Angus Nicholson, market analyst at IG, said in a morning note, "Asian markets look keen to follow US markets higher after a difficult session yesterday."
Despite the stronger yen, the Nikkei 225 was trading up 0.72 percent in early Asian trade, breaking its two-day losing streak. Down Under, the ASX 200 gained 0.7 percent, buoyed by its energy subindex, which was up 0.82 percent and its industrials subindex, which was 1.01 percent higher.
No comments:
Post a Comment