Asian stocks drop before issuing US work data

Asian stocks fell on Friday, to limited movements in Wall Street, where traders await US work data that will help determine the future interest rates. The shares were exchanged in China and Hong Kong, while withdrawing in Japan and South Korea. Australia has also reduced its early losses. The future contracts for US shares have remained under now series after the “S and B500” index closed 0.4%, while the “Nasdaq 100” index added 0.5% on Thursday. As for the Japanese yen, it was a fluctuation on Friday after four consecutive days of height. Japanese stocks have decreased partly as a result of the strength of the yen, which has risen to its highest level on Thursday since the beginning of December. These profits came after statements by Nakuki Tamura, a member of the Bank of the Bank of Japan directors, who emphasized that the need to raise interest rates. Meanwhile, Japanese Prime Minister Shigoiro is preparing to meet US President Donald Trump on Friday. Also read: The expectations of the US job market to continue its strength at the beginning of the year, said Currency Minister Jerry Miner said in the top ten group at Barclays Bank, “The militant statements of Japanese officials regarding local interest rates have gained a little enthusiast, while the dollar lost a momentum.” The US Treasury effects maintained their stability after a minor decline Thursday through the curve, while no significant change in the dollar index took place. Quiet before -Job -Data The movements in the markets indicate some calm before the release of the Non -Agricultural Report Friday, which will turn the attention of traders away from the commercial tensions that made the financial markets disappear earlier this week. The job report is expected to show the addition of 175,000 new jobs to the US economy. If the data is weaker than expected, expectations can be reinforced with additional reduction in interest rates by the Federal Reserve, while a stronger number than expected can lead to the reverse effect. On the other hand, separate recruitment data published on Thursday showed an increase in the initial requests for unemployment subsidies, while work productivity remained strong. In addition to the upcoming job report on Friday, Wall Street will carefully monitor a review of work growth, which economists expect to be big, but it may not be bad expected in preliminary estimates. Also read: Trump: The federal is right about the recent interest rate decision, Emmy Shi Shi Patrick, head of revenue strategies in the group “Pendal”, said in an interview with “Bloomberg” TV: “The market will remain somewhat clear without a clear direction,” and added that it focuses on the holding of different quality. move. ” In another context, Treasury Secretary Scott said his ministry was talking to senior holders of the government’s securities to get a better picture of their opinions on the roof of federal religion. Besent added that he supported the strong dollar and had no plans to reach out the strategy to issue government debt. The shares of “Amazon” dropped in the market trading, after the results showed that the expected profits for the current quarter were less than the estimates of analysts. This decline indicates that the company is still increasing its spending to support artificial intelligence services. In the Asian markets, the data that will be issued in Asia become the purchases of direct effects by the bank or Japan, as well as inflation data in Taiwan, and the interest rate decision in India. Expectations indicate that the Indian Reserve Bank will lower the basic purchase rate by 25 basis points to 6.25%, but some analysts believe that the bank will lower the price by twice the number. Also read: Taiwan plans to help technology companies handle Trump fees. The office of work statistics issued annual reviews of work data in January in the past twelve months to March. Usually, these amendments do not receive much attention, but this year is different, as the initial estimate in August indicated a possible falling overview of 818 thousand posts, which is the largest since 2009. Economists expect the actual reduction in the January report to be between 600 thousand to 700 thousand posts, which could serve as a mitigation of concerns in the markets. At the same time, expectations indicate that the monthly standard work data will show an increase in jobs with 175 thousand jobs over the past month, compared to more than 200,000 jobs in the previous two months, which partially reflects the restoration of the labor market to two serious hurricanes. For Federal Reserve officials, the results of the job report and reference amendments can reflect their vision that the demand for employment is gradually declining, but it is still strong enough to support the economy. Also read: Trump attacks the Federal Reserve approach and avoids talking about interest rates. Goraf Malik said of “Pallas Capital Advis”: “As long as the job report shows the addition of 170 thousand to 200 thousand jobs during the month, it is likely that the market will absorb these numbers without large fluctuations. But if the numbers are much higher, it could reduce it if the chances of reducing this year, and the numbers are much lower. Official lectures should see a series of lectures showing low inflationary pressure, before moving to the reduction of interest. Sessions are.