AHEAD OF THE MOST RECENT U.S. JOBS READING, ASIAN STOCK MARKETS DECLINE

 

On Friday's Asian stock market action was uneven ahead of U.S. jobs data that could support Federal Reserve plans for larger interest rate increases to curb rising inflation.

Seoul, Tokyo, and Hong Kong all withdrew as Shanghai moved forward. Over $1.50 per barrel was added to the price of oil.

Investors anticipated U.S. employment statistics for August to gauge how the economy is responding to four previous hikes to reduce inflation, which is at a four-decade high. A positive report would support Fed officials' arguments that higher interest rates are required to slow the economy and lessen the increasing pressure on consumer prices.

Readmore.: https://industryglobalnews24.com/ahead-of-the-most-recent-us-jobs-reading-asian-stock-markets-decline

At the Fed meeting this month, a rate hike of up to 0.75 percentage points "may likely reinforce further lean towards" if the numbers reveal that more than 300,000 jobs were added, according to IG's Yeap Jun Rong. That would be three times the typical margin of change for the Fed.

The Nikkei 225 in Tokyo lost less than 0.1%, falling to 26,644.80, while the Shanghai Composite Index rose 0.1% to 3,187,78. Hong Kong's Hang Seng dropped 0.8% to 19,433.68.

Following new virus outbreaks, China ordered the majority of Chengdu's 21 million citizens to stay at home on Thursday. After a drought drained hydroelectric dam reservoirs, the area experienced power rationing. However, economists previously stated that the region's industrial output should have a minimal impact on the national economy because it is minor in comparison to other regions of China.

Want to Publish Fresh and Unique Content Visit: https://industryglobalnews24.com/publish-with-us

Subscribe for Latest News 

Contact us.: Industry Global News 24

Industry Global New 24 LLC,

25110 Sundance park lane,

Katy TX 77494

Comments

Post a Comment

Popular posts from this blog

THE PRICE OF NATURAL GAS HAS INCREASED SIGNIFICANTLY IN BOTH THE US AND THE EU DURING THE PAST YEAR

Image
  The cost of natural gas for US consumers has increased by more than treble in the last year. According to the Energy Information Administration EIA, natural gas generates around 38% of the electricity used in the US. Additionally, natural gas is used to heat both the water and space in nearly half of the homes in the US. As the US LNG export plant quickly restarts, natural gas prices rise. Natural Gas Surges With US LNG Export Terminal Set for Fast Restart, according to a story from Bloomberg yesterday. PUBLISH WITH US Your Content:  https://bit.ly/3pOkePK   After a crucial Texas export facility and regulators came to terms to resume operations as soon as October after an explosion, natural gas prices in the US shot up. According to an agreement reached with the Pipeline and Hazardous Materials Safety Administration, Freeport LNG, which was shut down in June following an explosion, will restart operations in early October at nearly full capacity. That would increase the...
Read more

AUSTRALIA OVERWHELMED IN COMMONWEALTH GAMES NETBALL BY JAMAICA

Image
  A major shift took place on Thursday at the Commonwealth Games netball when gold medal-winning Australia was defeated by Jamaica. The Jamaican Sunshine Girls topped the Australian Diamonds with a score of 57-55, qualifying the team for the medal rounds. They achieved victory after overcoming a deficit of six goals at the beginning of the last quarter. Next Jamaica will be playing in the semi-finals against England In the field of athletics, Jamaican sprint champion, Elaine Thompson-Herah, double Olympic champion for 200 meters, came back to Alexander Stadium on Thursday after her victory in the 100 meters, just about 12 hours prior on Wednesday. For Friday’s semi-finals, she qualified in an easy heat as second fastest in just 22.80 seconds. The quickest women’s heat time was awarded on 22.71 seconds to Favour Ofili of Nigeria. PUBLISH WITH US Your Content:  https://bit.ly/3pOkePK   Zharnel Hughes of England resurfaced, after his disqualification from the Gold Coast four...
Read more

THE FLU IN THAILAND after COVID-19 IS DOWNGRADED TO THE SAME CATEGORY AS

 Thailand: In October, when the country's viral situation begins to stabilise, Thailand will declare COVID-19 a "dangerous" infectious disease that "needs monitoring." According to Thailand's health minister, Anutin Charanvirakul, this adjustment will reduce Covid-19's priority from being on par with plague and smallpox to influenza and dengue, reflecting the country's actual health situation. Anutin asserted in a statement that the decision showed how well-prepared Thailand's healthcare system is, how simple it is for individuals to access care, and how responsibly people act when it comes to self-defense. According to him, Thailand would "soon" change its pandemic management strategy so that private hospitals can buy antiviral drugs directly from manufacturers. Last week, authorities anticipated significant Covid-19 cases and fatalities in read more.:  https://industryglobalnews24.com/covid19-is-downgraded-to-the-same-category-as-the-...
Read more