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Asia Stocks Edge Higher But Markets on Tenterhooks Ahead of U.S. Payrolls


Friday, 4 October 2019 08:33 WIB

MSCI Asia PacificSaham Asia


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Asian stocks edged higher on Friday, thanks to gains on Wall Street, but the mood was cautious before a key U.S. job report that could help determine whether the Federal Reserve cuts interest rates further.

Investors have been caught out by a set of weak U.S. data this week, including surveys on services and manufacturing sectors, deepening fears the Sino-U.S. trade war is starting to hurt growth in the world’s biggest economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.16%. Japan’s Nikkei stock index rose 0.04% and Australian shares advanced 0.29%.

U.S. stock futures fell 0.16% in Asia on Friday, though that followed a 0.80% increase in the S&P 500 on Wall Street overnight on hopes that future Fed rate cuts will support corporate profits.

Source : Reuters


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