TOKYO: Asian stocks were mixed on Monday amid growing worries about China's crackdown on local tech companies, paring earlier gains made after a welcome U.S. jobs report drove global shares to a record high.
European equity futures pointed to minor gains, with Euro Stoxx 50 futures marginally higher, while FTSE futures rose 0.1per cent.S&P 500 futures signalled a 0.2per cent dip for Tuesday's open, after the index closed 0.8per cent higher at a record on Friday. The Dow Jones Industrial Average rose 0.4per cent and the Nasdaq Composite added 0.8per cent to also hit a record.
"Overall the level of payrolls is still 6.8 million below pre-pandemic February 2020 levels and is still below the level of substantial progress needed by the Fed. As such there is nothing in this report for the Fed to become hawkish about."