-- Asian stocks are poised for a tentative open as Wall Street wavered ahead of a key US jobs reading that will likely guide the interest rate outlook of the Federal Reserve.A Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street Loans
“A slowing in the job market, and even an increase in unemployment, should be welcome to the extent that it alleviates some upwards pressure on inflation,” said Chris Zaccarelli at Independent Advisor Alliance. “But we are aware that too much weakness in the labor market and in the economy could eventually prove to be an even greater threat to markets than inflation.”
Elsewhere in Asia, more than a half of surveyed Bank of Japan watchers have forecasted that the central bank will trim its government bond buying when authorities meet next week, with a growing number also looking ahead to a rate hike in July.
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Asian Stocks Set for Cautious Open as CPI Looms: Markets WrapAsian stocks were poised for a fairly cautious opening, following a wary session in Wall Street ahead of key US inflation data that will help shape the outlook for Federal Reserve policy.
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