Asia-Pacific markets slip as investors assess Japan pay and household spending data

Asia-Pacific markets slip as investors assess Japan pay and household spending data


A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022.

Kiyoshi Ota | Bloomberg | Getty Images

Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan.

Real household spending in Japan fell 0.4% year on year in November, a softer fall compared to the 0.6% decline expected by a Reuters poll of economists.

The fall was also less than the 1.3% decline seen in October.

The average real income per household stood at 514,409 yen ($3,252.98) in November, up 0.7% from the previous year.

Japan’s Nikkei 225 fell 0.41% on its open, with the broad based Topix seeing a smaller loss of 0.27%.

South Korea’s Kospi was the only outlier, gaining 0.21%, but the small cap Kosdaq was down 0.14%

Australia’s S&P/ASX 200 reversed earlier gains to trade marginally below the flatline.

Futures for Hong Kong’s Hang Seng index were last at 19,320, pointing to a stronger open compared to the HSI’s close of 19,240.89.

Overnight in the U.S., markets were closed on Thursday due to the funeral of former president Jimmy Carter, but traders will assess labor data on Friday stateside, with nonfarm payroll numbers for December.

Economists expect the Bureau of Labor Statistics on Friday morning to report a gain of 155,000 in nonfarm payrolls, a step down from the surprising 227,000 increase in November but about in keeping with the four-month average. The unemployment rate is forecast to hold steady at 4.2%.

— CNBC’s Jeff Cox contributed to this report.



Source

Tesla says it made its first driverless delivery of a new car to a customer
World

Tesla says it made its first driverless delivery of a new car to a customer

A Tesla logo outside the company’s Tilburg Factory and Delivery Center. Karol Serewis | Getty Images Tesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June […]

Read More
I’m 79 years old and the ‘father of functional medicine’: Here’s my daily routine for a healthy life
World

I’m 79 years old and the ‘father of functional medicine’: Here’s my daily routine for a healthy life

Jeffrey Bland, 79, is considered the “father of functional medicine.” He’s devoted most of his lifetime to studying the origins of diseases to focus on prevention in healthcare. The main question Bland’s research looks to answer is this one: “Could we move to a form of healthcare where we’re spending more time worrying about and […]

Read More
Stock market reclaims February record peak. How the fundamentals and technicals look now vs. then
World

Stock market reclaims February record peak. How the fundamentals and technicals look now vs. then

Just as they say you never step into the same river twice, the view from a given summit is never quite the same upon a second visit. The S & P 500 has fully scaled its way to its first record high in more than four months on Friday, recovering what was at the intraday […]

Read More