An employee working for the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, January 13, 2022.
Toru Hanai | Bloomberg via Getty Images
Asia Pacific markets were mixed on Friday as investors looked to US jobs report for Augusta leading indicator ahead of the Federal Reserve’s next interest rate decision later this month.
South Korea’s consumer price index rose slower than expected – 5.7% in August from the same period a year earlier, lower than the 6.1% forecast by analysts in a Reuters poll.
MSCI’s broadest index of Asia Pacific shares outside Japan was 0.52% lower.
Economists expect that 318,000 jobs were added in August, down from 528,000 jobs added in July, according to Dow Jones. The unemployment rate is expected to remain unchanged at 3.5%.
“All the focus today is on the payroll later tonight where [whisper] Tapas Strickland, an economist at the National Australia Bank, wrote in a note on Friday:
Overnight in the United States, the Dow Jones Industrial Average rose 145.99 points, about 0.5%, to 3,1656.42. The S&P 500 rose 0.3% to 3,966.85, and the Nasdaq Composite fell 0.3% to 11,785.13.
CNBC’s Patti Doom, Sarah Main, and Tanya Machel contributed to this report.
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