European stocks are expected to open higher, shaking off the negative sentiment on Wall Street and Asia-Pacific markets.
In the USA nonfarm employmentIncreasing by 142,000 Dow Jonesfailed to meet the expectations of an increase of 161,000 according to economists’ survey. On the other hand, unemployment ratedecreased to 4.2 percent, in line with expectations.
Investors in Asia look ahead to Japan’s revised second quarter GDPnumber and China’s consumer price indexevaluated the report. Japan’s second-quarter GDP came in at 2.9 percent on an annual basis. A softer GDP growth number is due to the Bank of Japan’s interest rate hikewill limit their options. China’s inflation rate rose by 0.6 percent on an annual basis. CPI on a monthly basisincreased by 0.4 percent, falling short of expectations of 0.5 percent.
Nikkeiwhile losing 2.14 percent of its value, broad-based TOPIXfell 1.99 percent. Japanese yen Against the US dollarweakened 0.3 percent to 142.71, falling from a nine-month low reached on Friday. South Korea KOSPIWhile small capital stocks fell by 0.88 percent KOSDAKincreased by 0.37 percent. Australia’s S&P/ASX 200The index fell by 0.7 percent.
Friday S&P 500From March 2023, technology-laden NasdaqThe Composite, meanwhile, recorded its worst week since March 2022. The broad index fell 1.73 percent in Friday’s session, while the Nasdaq fell 2.55 percent. Dow Jones Industrial Averagefell 1.01 percent.
Hibya News Agency
