{"id":41080,"date":"2020-06-05T18:17:20","date_gmt":"2020-06-05T08:17:20","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=41080"},"modified":"2020-06-05T18:17:20","modified_gmt":"2020-06-05T08:17:20","slug":"friday-5th-june-asian-markets-higher-investors-await-us-jobs-report","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/friday-5th-june-asian-markets-higher-investors-await-us-jobs-report\/","title":{"rendered":"Friday 5th June: Asian markets higher; Investors await US jobs report"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite up 0.40%, Hang Seng up 2.03%, ASX up 0.12%<\/li>\n<li>Commodities : Gold at $1710.70 (-0.97%), Silver at $17.94 (-0.70%), Brent Oil at $40.84 (+2.13%), WTI Oil at $37.97 (+1.50%)<\/li>\n<li>Rates : US 10-year yield at 0.857, UK 10-year yield at 0.340, Germany 10-year yield at -0.296<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(GBP) Halifax HPI m\/m -0.20% vs -0.70% expected<\/li>\n<li>(JPY) Leading Indicators 76.20% vs 76.30% expected<\/li>\n<li>(USD) Unemployment Claims 1877K vs 1820K expected<\/li>\n<li>(CAD) Trade Balance -3.3B vs -2.7B expected<\/li>\n<li>(EUR) Main Refinancing Rate 0.00% vs 0.00% expected<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian stock markets are mostly lower on Friday with investors taking profits after recent strength in the markets and also on caution ahead of the release of the closely-watched U.S. jobs data for May later today. Economists currently expect employment to tumble by about 8.0 million jobs in May after plunging by 20.5 million jobs in April.<\/p>\n<p>The unemployment rate is expected to jump to 19.8 percent from 14.7 percent. Investor attention is now focused on Friday&#8217;s U.S. employment report, which is expected to show nonfarm payrolls fell in May by 8 million jobs after a record 20.54 million plunge in April.<\/p>\n<p>Mainland Chinese stocks gained on the day. The Shanghai composite and the Shenzhen component both added 0.4%. Hong Kong\u2019s Hang Seng index jumped 2%. In Japan, the Nikkei 225 rose 0.7%, as airline shares surged.\u00a0 Similar trends were observed across the region.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 96.53. That followed a decline from levels above 98 seen earlier this week. All eyes will next be on the U.S. Federal Reserve, which holds its regular two-day policy meeting next week.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<ul>\n<li>12:30 PM GMT &#8211; (CAD) Employment Change<\/li>\n<li>12:30 PM GMT &#8211; (CAD) Unemployment Rate<\/li>\n<li>12:30 PM GMT &#8211; (USD) Average Hourly Earnings m\/m<\/li>\n<li>12:30 PM GMT &#8211; (USD) Non-Farm Employment Change<\/li>\n<li>12:30 PM GMT &#8211; (USD) Unemployment Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite up 0.40%, Hang Seng up 2.03%, ASX up 0.12% Commodities : Gold at $1710.70 (-0.97%), Silver at $17.94 (-0.70%), Brent Oil at $40.84 (+2.13%), WTI Oil at $37.97 (+1.50%) Rates : US 10-year yield at 0.857, UK 10-year yield at 0.340, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/friday-5th-june-asian-markets-higher-investors-await-us-jobs-report\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Friday 5th June: Asian markets higher; Investors await US jobs report<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":41081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-41080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/41080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=41080"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/41080\/revisions"}],"predecessor-version":[{"id":41082,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/41080\/revisions\/41082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/41081"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=41080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=41080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=41080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}