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

Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
World

Palantir tops estimates, boosts fourth-quarter guidance on AI adoption

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Palantir reported quarterly results that topped analysts’ estimates and issued better-than-expected guidance for the fourth quarter, attributing much of its strength to artificial intelligence. […]

Read More
Tesla faces widening federal probe into door handle safety issues
World

Tesla faces widening federal probe into door handle safety issues

Tesla models Y and 3 are displayed at a Tesla showroom in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla has been ordered to provide records to U.S. federal auto safety regulators to comply with a sweeping investigation into possible safety defects with the company’s flush-mounted, retractable door handles that […]

Read More
Russia looks to cosy up with China after Trump’s meeting with Xi
World

Russia looks to cosy up with China after Trump’s meeting with Xi

In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Astakhov | Afp | Getty Images Russian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping. […]

Read More