Asian shares fall ahead of U.S. payrolls data, dollar nurses losses



*

Markets cautious ahead of U.S. non-farm payrolls

*

Investors look for more signs about China reopening

*

U.S. yields steady after falling for 2nd straight day

*

Euro at 5-month high against dollar; yen at 3-month high

By Stella Qiu

SYDNEY, Dec 2 (Reuters) - Asian shares fell and Treasuries held on to gains on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve, while the dollar nursed heavy losses.

The cautious tone in share markets, after the recent big rally, is set to extend to Europe, with the pan-region Euro Stoxx 50 futures STXEc1 easing 0.2%, German DAX futures FDXc1 down 0.1% and FTSE futures FFIc1 0.2% lower.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.7%. Nonetheless, the index was set for a weekly gain of 3.6%, hovering around its highest level since mid-September. Japan's Nikkei .N225 fell 1.7%.

S&P 500 futures ESc1 softened 0.2%, while Nasdaq futures NQc1 fell 0.3%. U.S. shares ended mixed on Thursday after a big rally the day before, buoyed by comments from Fed Chair Jerome Powell that did not sound as hawkish as some had feared.

Data overnight including falling U.S. job openings and contracting U.S. manufacturing activity, pointing to signs of easing cost pressure added to evidence that the Fed's rate hikes have cooled the economy.

Investors are also watching for more signs that China is easing its zero-COVID policy, and whether China would contribute more to global growth next year amid a looming global recession.

Chinese blue chips slid 0.5%, as the country grappled with a surge in COVID-19 cases. Hong Kong's Hang Seng index .HSI reversed earlier gains to be down 0.7%.

Sources told Reuters that China is set to announce an easing of its COVID quarantine protocols in the coming days and a reduction in mass testing, a marked shift in policy after anger over the world's toughest curbs fuelled widespread protests.

Shane Oliver, chief economist at AMP Capital, said after a strong November markets in some cases are up to around technical resistance levels, and it may take a while to get through those points.

"But I suspect given the increasing signs that inflation is peaking globally and China is easing its COVID restrictions moving away from zero COVID - they haven't said as much but certainly it is moving away from zero COVID - that those things are probably positive," he said.

"I think the rally can probably continue but in the short-term the payrolls are the one to watch closely."

Alan Ruskin, macro strategist at Deutsche Bank, said if the nonfarm payrolls increased by 50,000-150,000 in November, that would be favourable for bonds and equities and keep the U.S. dollar trading lower.

Economists polled by Reuters expect payrolls likely rose 200,000 in November.

Futures have priced in a 78% chance of a rise of 50 basis points at the Fed's December policy meeting, while rates are now expected to peak around 4.75% to 5% by mid next year, compared with 5% to 5.25% previously.

In the bond markets, Treasuries held onto most of their gains after two straight days of rally. The yields on benchmark 10-year Treasury notes US10YT=RR were largely steady at 3.5412%, compared with its U.S. close of 3.527%.

The two-year yield US2YT=RR , which rises with traders' expectations of higher Fed fund rates, was little changed at 4.2687%, compared with a U.S. close of 4.254%.

The U.S dollar =USD on Friday wallowed at its three-month low against major currencies. It was set for a 1.3% weekly drop.

The Euro EUR= hit a fresh five-month high at $1.0539 while the Japanese yen JPY= also scaled a new three-month high against the U.S. dollar.

In the oil market, prices seesawed ahead of a key meeting of producing countries over the weekend.

U.S. crude oil futures CLc1 reversed earlier losses to be flat around $81.21 per barrel, after surging to a two-week high of $83.34 in the previous session on a softer dollar.

Brent crude futures LCOc1 also rose 0.14% to $87.01 per barrel.

Gold was slightly lower. Spot gold XAU= was traded at $1796.19 per ounce.



Asia stock markets Link
Asia-Pacific valuations Link



Editing by Stephen Coates and Kenneth Maxwell


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明