Asian stocks edge up before U.S. jobs data, defying Wall Street selloff

U.S. E-mini stock futures ticked up 0.35 percent, pointing to a small bounce after the 1.16 percent overnight slide for the S&P 500.

“There is concern that the labor market isn’t showing any signs of cooling,” putting financial markets “very much on edge”, said Tony Sycamore, a market analyst at IG. According to a Reuters survey of economists, non-farm payrolls are forecast to show on Friday that 200,000 jobs were created in December, easing from November’s 263,000 pace.

The U.S. currency remained elevated versus major peers on Friday. The dollar index, which measures the greenback against six counterparts including the euro and yen, was trading little changed at 105.11 after jumping 0.91 percent overnight and touching 105.27 for the first time since Dec. 8.The dollar index is up 1.57 percent this week, putting it on course to snap a streak of three losing weeks. It is shaping up for the best performance since late September.

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