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Bloomberg Quint

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Image Credit: Bloomberg Quint

Asian Shares Post Modest Gains Before US Payrolls Data: Markets Wrap

  • Asian shares inched higher ahead of US jobs data following a record high in US stocks post trade deal announcement with Vietnam.
  • Apparel stocks including Nike Inc. received support from the trade deal news, driving the regional equity gauge up by 0.2%.
  • Treasuries edged up in early Asian trading after yield rises, reflecting cautious optimism amidst uncertainties about interest rates and economic policies.
  • US monthly nonfarm payroll data is expected to show slower hiring and a higher unemployment rate, impacting Federal Reserve's rate decisions and market expectations.

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