Shares in Asia rose on Friday despite continued concerns about Greece
and ahead of the key U.S. non-farm payrolls report for January later in
the session and after mixed views on the economy in Australia.
The S&P/ASX 200 rose 0.31%, while the Nikkei 225 was up 0.74% and the Shanghai Composite added 1.14%.
Traders now looked ahead to the release of the latest U.S. non-farm payrolls report on Friday, for further indications on the strength of the recovery in the labor market.
Market analysts expect the data to show that the U.S. economy added 234,000 jobs in January, slowing from a gain of 252,000 in December, while the unemployment rate was forecast to hold steady at 5.6%.
The Reserve Bank of Australia Friday eased the outlook for inflation while leaving clues to its next policy moves deliberately vague.
The quarterly Statement of Monetary Policy also assumed a lower path for the cash rate and took into account the fall in the Australian dollar, but still led to a downgrade in its growth forecast. The inflation view eased to 1.25% for headline CPI by June 2015 from an earlier range in November of 1.50% to 2.50% - and well below the mid-point aim of the 2% to 3% target.
Read more Click here / www.trade4x.net
The S&P/ASX 200 rose 0.31%, while the Nikkei 225 was up 0.74% and the Shanghai Composite added 1.14%.
Traders now looked ahead to the release of the latest U.S. non-farm payrolls report on Friday, for further indications on the strength of the recovery in the labor market.
Market analysts expect the data to show that the U.S. economy added 234,000 jobs in January, slowing from a gain of 252,000 in December, while the unemployment rate was forecast to hold steady at 5.6%.
The Reserve Bank of Australia Friday eased the outlook for inflation while leaving clues to its next policy moves deliberately vague.
The quarterly Statement of Monetary Policy also assumed a lower path for the cash rate and took into account the fall in the Australian dollar, but still led to a downgrade in its growth forecast. The inflation view eased to 1.25% for headline CPI by June 2015 from an earlier range in November of 1.50% to 2.50% - and well below the mid-point aim of the 2% to 3% target.
Read more Click here / www.trade4x.net
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