Asian Stocks to Rise as Tech Lifts Wall Street: Markets Wrap

-- Equities in Asia were set for early gains after stocks and bonds rallied on Wall Street Thursday, ahead of crucial US jobs data due later Friday.Share futures for Australia and Hong Kong edged higher while markets in Japan and mainland China are closed for a holiday. The S&P 500 advanced 0.9% and tech-heavy Nasdaq 100 climbed 1.3% on Thursday, only to strengthen further in futures trading following better-than-estimated results from Apple Inc..

The moves come ahead of US nonfarm payrolls data that will help identify the path forward for Federal Reserve policy. Economists surveyed by Bloomberg forecast a 240,000 gain in payrolls, which would be the slowest pace since November.The Fed decided Wednesday to leave the target range for the benchmark rate at 5.25% to 5.5% following a slew of data that pointed to lingering price pressures. Yet Chair Jerome Powell said it’s unlikely that the Fed’s next move would be to raise rates.

“Markets will likely still react more to a weaker print than strong data as investors have turned more hawkish,” said Oscar Munoz and Gennadiy Goldberg at TD Securities. “However, the recent string of upside surprises to economic data is unlikely to be sustained for long as expectations continue to reset higher.”

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateHONG KONG (AP) — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Rise as Tech Lifts Wall Street: Markets WrapEquities in Asia were set for early gains after stocks and bonds rallied on Wall Street Thursday, ahead of crucial US jobs data due later Friday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Wall Street says a Wall Street revival is finally hereBig bank bosses are not hiding their enthusiasm about Wall Street as first-quarter jumps in investment banking spur new hopes for a sustained dealmaking...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetTOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »