Friday, 6 November 2015

Asian shares mixed ahead of US jobs report | Equity Market Tips

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Asian shares were in another mixed trading session on Friday, tracking the uninspiring handover from Wall Street as investors await the US nonfarm payrolls report that could provide hints to when the Federal Reserve will start to push up interest rates.

According to a Reuters survey, nonfarm payrolls likely increased 180,000 in October, well above the average gain of 139,000 jobs for August and September.
Remarks from Federal Reserve chair Janet Yellen Chair have pointed to a possible December interest rate "liftoff" if upcoming economic data were supportive.

Major US averages fluctuated between positive and negative territory throughout the overnight trading session. The tech-heavy Nasdaq Composite shed 0.3 percent overnight, while the Dow Jones Industrial Average ended flat. The S&P 500 slipped 0.1 percent, finishing a touch below the key psychological level of 2,100 as energy and utilities lagged.

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