The Woo Group RBC Wealth Management Tokyo
on Asian early trading ahead of US jobs
Asian early trading subdued ahead of US jobs data
TOKYO -- Asia was quiet in early Friday trading, ahead of a release later in the global
day of key U.S. jobs data, with the...
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The Woo Group RBC Wealth Management Tokyo
on Asian early trading ahead of US jobs
Asian early trading subdued ahead of US jobs data
TOKYO -- Asia was quiet in early Friday trading, ahead of a release later in the global
day of key U.S. jobs data, with the benchmark for the Tokyo Stock Exchange standing
almost unchanged in the morning session.
The Nikkei slid 0.2 percent to 14,460.30 in early trading, while the Kospi gained 0.1
percent to 1,963.04.
Market moves were cautious in anticipation of the release of U.S. government nonfarm
payrolls report for April, which could show signs of an economic recovery.
The figures, which often set the market tone for a week or two after their release, may
have a big impact as they come in the wake of significantly lower than expected U.S.
economic growth in the first quarter and the Fed's ongoing reduction in its monetary
stimulus.
Thursday's manufacturing survey from the Institute for Supply Management echoed
other findings showing that the U.S. eco
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