Europe’s future points to green. Asia closes in negative territory
Europe signals the start of the session in green, putting the brakes on five straight days of losses. the future Euro stocks 50 rose 1.3%. In Asia, the close of this Friday’s session was once again painted in red.
Pressure on Asian indices was a strong dollar and a lockdown announced this week in Chengdu, one of China’s largest cities.
The Shanghai Composite lost 0.27% in China and the Nikkei lost 0.04% in Japan. In Hong Kong, the Hang Seng fell 1.22% and in South Korea, the Kospi fell 0.14%.
Investors are keeping their eyes on the other side of the Atlantic this Friday. The US releases a report on employment, which will show the strength of the US market, an essential data from the point of view of the US Federal Reserve (Fed), which is preparing a new interest rate hike for this month.
A strong number should support continued aggressive rate hikes by the central bank, pushing the dollar even higher and leading to bond selling.
Analysts forecast 300,000 jobs were created last month and the unemployment rate was 3.5%.