Friday, 6 May 2016

Asia Markets lose Ground ahead of US jobs Data; Nikkei Down 0.3%

Asian shares opened lower on Friday after Wall Street ended mixed, as investors await closely watched April US non-farm payroll numbers.

"Markets will be slightly more nervous around the Friday release of the non-farm payrolls number (expected at 200,000) after ADP employment growth came in at 154,000, well below the market consensus of 195,000," said Angus Nicholson, market analyst at IG, in a Thursday note.

The US payrolls number will likely influence expectations of whether the Federal Reserve will pull the trigger on an interest rate hike in June.


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