Friday, 7 April 2017

Asia stocks meander ahead of Trump-Xi talks, US jobs data

Asian stocks drifted early on Friday after Wall Street and the dollar clocked tentative gains, with markets cautious over the talks between the US and Chinese presidents and US employment data later on Friday.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, headed for a 0.2 percent weekly increase.


Japan's Nikkei added 0.8 percent early on Friday after touching a four-month low on Thursday. It's set to post a 0.85 percent loss for the week.

The MSCI World index is down 0.4 percent for the week.

Overnight, Wall Street edged up between about 0.1 percent and 0.25 percent after data showed US unemployment benefit claims recorded their biggest drop in nearly two years.

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Riyanshi

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