Asia markets rise in muted session as most markets closed for holiday
Publishing timestamp: 2023-04-07 00:22:21
Summary
Stocks in Asia traded higher on Friday in a muted session as most markets were closed for holiday in the wider Asia-Pacific region. Investors are looking ahead to the U.S. nonfarm payrolls report on Friday, which will help determine the path ahead for the Federal Reserve. The Bank of Japan's holdings of Japanese government bonds reached a record by the end of March, and China imposed further sanctions on Taiwan's de facto ambassador to the U.S. for allegedly "relying on the U.S. to seek Taiwan's independence." Samsung Electronics estimated its first-quarter operating profit likely fell to 600 billion won ($455 million), a 95.7% plunge from the same quarter in 2020. St. Louis Federal Reserve President James Bullard said he doesn't see inflationary pressures going away soon, and the first-quarter earnings season kicks off next week with big banks reporting. Jobless claims totaled 228,000 for the week ended April 1, and continuing claims edged higher to 1.823 million, the highest since December 2020.
Sentiment: NEUTRAL
Tickers: AUD=, .N225, CNH=, .DJI, .SPX, KRW=, .IXIC, .DXY, @CL.1, @LCO.1, .HSI, .SZI, JPY=, .KS11, .SSEC, .AXJO,
Keywords: usd/jpy, shanghai, seoul, nikkei 225 index, s&p/asx 200, breaking news: markets, hang seng index, asia economy, shenzhen component index, business news, breaking news: asia, south korea, tokyo, australian dollar/us dollar fx spot rate, wti crude (mar'23), markets, kospi index, japan, united states, ice brent crude (apr'23), dxy us dollar currency index, world markets,
Source: https://www.cnbc.com/2023/04/07/asia-markets-holidays.html