Asia-Pacific markets trade higher ahead of U.S. jobs report

Asia-Pacific markets trade higher ahead of U.S. jobs report


SINGAPORE — Asia-Pacific markets opened higher on Friday as investors look ahead to the release of U.S. jobs data for June.

The Nikkei 225 rose 0.54%, while the Topix index gained 0.34%.

Australia’s S&P/ASX 200 advanced 0.51%.

South Korea’s Kospi added 0.91%, while the Kosdaq was 1.03% higher.

The U.S. Bureau of Labor Statistics is set to report its nonfarm payrolls data Friday stateside. Economists expect a gain of 250,000 jobs for June, according to a Dow Jones survey. That would be less than the 390,000 jobs added in May.

Stock picks and investing trends from CNBC Pro:

In company news, SoftBank on Thursday said Rajeev Misra will step down as CEO of SoftBank Global Advisors, but remain in two other positions.

Overnight in the U.S., major indexes rose.

The Dow Jones Industrial Average advanced 346.87 points, or about 1.12%, to close at 31,384.55. The S&P 500 gained 1.5% to 3,902.62, while the Nasdaq Composite added 2.28% to 11,621.35.

European markets rose on Thursday as U.K. Prime Minister Boris Johnson resigned.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 107.020 after strengthening earlier this week.

Japan’s yen traded at 135.90 per dollar, the Australian dollar was at $0.6845, trying to rise after falling following the Reserve Bank of Australia’s decision to raise rates on Tuesday.

Oil futures were slightly lower in Asia’s morning trade. U.S. crude was down 0.18% at $102.55 per barrel, while Brent crude slipped 0.23% to $104.41 per barrel.



Source

Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
World

Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike

Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source

Read More
Stock futures were little changed amid uncertainty over economy and tariffs: Live updates
World

Stock futures were little changed amid uncertainty over economy and tariffs: Live updates

OPEC+ hikes oil production by 547,000 barrels per day for September Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Dado Ruvic | Reuters OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the […]

Read More
Trump and Carney to speak in the coming days, Canadian official says
World

Trump and Carney to speak in the coming days, Canadian official says

Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Dave Chan | Afp | Getty Images U.S. President Donald Trump and Canadian […]

Read More