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Dow and NASDAQ, US-China trade, oil, currencies in focus



Stocks in Asia Pacific were mixed on Thursday as worse-than-expected U.S. economic data raised expectations

The Nikkei 225 closed 0.3% higher at 21.702.45 shares of the index heavyweight Softbank Group jumped more than 3%, while the topix gained 0.65% to finish its trading day at 1,589.78

In South Korea, the Kospi advanced 0.61% to close at 2,108.73, while Australia's S & P / ASX 200 added 0.49% to end its trading day at 6,718.00.

Shares in mainland China slipped on the day, with the Shanghai composite slipping 0.33% to 3.005.25 and the Shenzhen component 0.55% lower to 9,368.30. The Shenzhen composite also declined 0.548% to 1

,591.24.

In Hong Kong, the Hang Seng index was fractionally lower, as of its final hour of trading.

Asia-Pacific Market Indexes Chart

On Wednesday, data showed that private payrolls in the US June, raising expectations that Federal Reserve could cut interest rates at its upcoming monetary policy meeting.

Overnight stateside, the Dow Jones Industrial Average jumped 179.32 points to end the day at 26.966, notching intraday and closing all-time highs. The Nasdaq Composite added 0.7% to close at 8,170.23, while the S & P 500 gained 0.7% to close at 2.995.82.

Markets on Wall Street wants to be closed on Thursday for the Fourth of July holiday.

Investors will now be watching for the US nonfarm payrolls report, set to be released on Friday.

Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said: "The US non-farm payrolls report is a big mover for the US dollar and all major currencies. wrote in a note.

In that case, there's no single economic report as important as the jobs report, "Lien said.

Meanwhile, White House's economic adviser Larry Kudlow said Wednesday that face-to-face negotiations between the US and China would begin "soon."

Investors are watching for the two economic powerhouses remain locked in a trade fight, with Kudlow's comments coming days after U.S. President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on each other's goods.

But Neil Dwane, Global Strategist at Allianz Global Investors, told CNBC's "Squawk Box" on Thursday: "We still think it's 50-50 "the postponing of it does not mean it's all-clear," he adds.

Currencies and oil [19659014] The US dollar index, which tracks the greenback against a basket of its peers, what at 96,748 following its rise of levels around 96.3 earlier in the week.

The Japanese yen traded at 107.79 against the dollar after strengthening from levels around 108.5 earlier this week. The Australian dollar was $ 0.7030 after rising from $ 0.699 yesterday.

Brent crude futures slipping 1.1% to $ 63.12 per barrel and crude futures declining 1.15% to $ 56.68 per barrel.

– CNBC's Fred Imbert contributed to this report.


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