Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders mostly make their moves, tracking quarterly earnings updates. They also seem cautious in making significant moves ahead of the release of the US Labor Department's closely watched monthly jobs report later in the day, which could impact the outlook for interest rates. Asian markets ended mostly higher on Thursday.
The Australian stock market is modestly higher on Friday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 breaching the 7,000 mark, following the mixed cues from Wall Street overnight, with strong gains in mining and most technology stocks partially offset by weakness in energy stocks after crude oil price tumbled.
For comments and feedback: editorial@rttnews.com