Asia stocks set to trade lower as investors look ahead to jobs report stateside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks in Asia were set to trade lower at the open on Friday ahead of the release of the upcoming U.S. nonfarm payrolls report, which could provide clues as to whether the Federal Reserve will cut interest rates at its monetary policy meeting later in July.

Investors will be awaiting the release of the nonfarm payrolls report stateside later in the day, with expectations for U.S. private payroll employment to have grown by 153,000 in June, according to economists in a Reuters poll. That compares against a figure of 90,000 from the previous month. Total non-farm employment is expected to have changed by 160,000.showed private payrolls rising by 102,000 in June.

A weaker-than-expected figure from the upcoming payrolls report could increase bets that the Fed will cut interest rates at its upcoming meeting. The central bank opened the door to easier monetary policy last month by stating it will "act as appropriate" to maintain the current economic expansion., which tracks the greenback against a basket of its peers, was at 96.768 after seeing levels around 96.3 earlier in the week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asia Pacific stocks set to trade mixed following record close on Wall StreetThe Dow Jones Industrial Average jumped 179.32 points to end the day at 26,966, notching intraday and closing all-time highs.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set for modest rise as Fed rate cut expectations growEuropean stocks are seen opening cautiously higher Thursday after weaker-than-expected U.S. economic data gave investors cause to anticipate that the Federal Reserve will cut interest rates. Should the Fed stop charging interest on reserves?
Source: CNBC - 🏆 12. / 72 Read more »

Here’s where the big money in marijuana stocks will be madeWhen the U.S. government legalizes marijuana, national pot brands will sprout, writes Vitaliy Katsenelson. vitaliyk Just wait till the fed starts taxing vitaliyk Van a cagar la planta monetizandola y haciendo negocio. La wea penca vitaliyk Where do I sign up? henrymar I need an olive farm.
Source: MarketWatch - 🏆 3. / 97 Read more »

US stocks on track for third record high of the weekMARKETS: U.S. stocks moved broadly higher on a holiday-shortened day as investors put the market on track for its third straight record high close of the week. ThisWeekABC We don't care. We want our country back. Get Trump out. Middle class can’t afford stocks only the rich so who cares where is our tax return money we lost from m the new tax laws where is our lower taxes the President promised. False promises just wants to tell lies. the golden era of insider trading and corruption
Source: ABC - 🏆 471. / 51 Read more »

U.S. Treasury yields hit lowest rate since 2016 as stocks riseBonds extended gains globally as investors weighed the prospect of more dovish appointees to two of the world’s major central banks.
Source: latimes - 🏆 11. / 82 Read more »