Asian stocks got off to a tentative start on Friday, as investors await the outcome of a key US monthly jobs report that will set the tone for the Federal Reserve's policy outlook and as China's markets reopen after a week-long break. MSCI's broadest index of Asia-Pacific shares outside Japan was flat after touching its highest level since mid-October in the previous session. ]
Morning trade in markets such as Australia was broadly steady, while Japan's Nikkei share average was up 0.6 percent. "A strong reading in the payrolls data above 200,000 coupled with a rise in wage growth could put the March 15th (Federal Reserve) meeting in serious contention for a hike despite uncertainty around the potential flow on effects from Trump’s stated economic policies.
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Asian stocks got off to a tentative start on Friday, as investors await the outcome of a key US monthly jobs report that will set the tone for the Federal Reserve's policy outlook and as China's markets reopen after a week-long break. MSCI's broadest index of Asia-Pacific shares outside Japan was flat after touching its highest level since mid-October in the previous session. ]
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