Asian stocks set to follow US jobs rally, China in focus | Malay Mail

Japan's Nikkei 225 futures rose 0.45 per cent and Australia's S&P/ASX 200 futures climbed 0.58 per cent. — Reuters pic

Japan's Nikkei 225 futures rose 0.45 per cent and Australia's S&P/ASX 200 futures climbed 0.58 per cent.“While June data reflected a big improvement in the US labour market, the recent sharp acceleration in new virus cases plus the prospect of an end to unemployment benefits by the end of July are two big layers of uncertainty,” said NAB Markets analyst Rodrigo Catril, adding that the uptick in US cases could mean extended headwinds for the labour market.

The US State Department also warned American companies including Amazon.com Inc, Walmart Inc and Apple Inc to check their supply chains and ensure they are not doing business with entities linked to alleged human rights abuses against Uighurs in China's Xinjiang province.

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