Asian stocks moved mostly higher on Friday as trade-war fears receded and investors awaited the latest U.S. jobs report to gauge the economic impact of the coronavirus-induced lockdown.
According to analyst estimates, U.S. employment is expected to plunge by about 22 million jobs in April, driving the unemployment rate up to 14.0 percent.
Chinese shares rose after reports suggested U.S. and Chinese trade representatives held a phone call and pledged to create favorable conditions for the implementation of the phase one trade deal signed in January.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.