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Rosie Combs

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Asian early trading subdued ahead of US jobs data
May 12, 2014

The Woo Group RBC Wealth Management Tokyo

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. Continue reading...

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CaptainBlack

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Re: Asian early trading subdued ahead of US jobs data
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