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Breaking Asia markets Down!

96 views · Published 8 July 2016 · 5:58 · Indexed 12 November 2026

Channel: Healing Frequencies · 2016 · News & Politics

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Asia markets mixed; ASX down 0.17 pct, Nikkei up 0.74 pct.

Asian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important U.S. June non-farm payrolls data.

The S&P/ASX 200 was down 0.17 percent, weighed by its materials subindex, which was lower by 0.42 percent, and its heavily-weighted financial subindex, which fell by 0.17 percent.

In Japan, the Nikkei 225 was up 0.74 percent; while across the Korean strait, the Kospi was effectively unchanged.

U.S. crude prices dropped 4.83 percent to $45.14 a barrel on Thursday after an Energy Information Administration (EIA) report showed stockpiles fell 2.2 million barrels in the week to July 1, far less than the 6.7 million barrel drawdown the American Petroleum Institute reported on the previous day.


Asia Markets
Asia stocks start Friday mixed
45 Mins Ago|06:09

Asian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important U.S. June non-farm payrolls data.

The S&P/ASX 200 was down 0.17 percent, weighed by its materials subindex, which was lower by 0.42 percent, and its heavily-weighted financial subindex, which fell by 0.17 percent.

In Japan, the Nikkei 225 was up 0.74 percent; while across the Korean strait, the Kospi was effectively unchanged.

U.S. crude prices dropped 4.83 percent to $45.14 a barrel on Thursday after an Energy Information Administration (EIA) report showed stockpiles fell 2.2 million barrels in the week to July 1, far less than the 6.7 million barrel drawdown the American Petroleum Institute reported on the previous day.
Symbol
 
Name
 
Price
    
Change
 
%Change
NIKKEI  NIKKEI  15370.36   
 94.12  0.62%
HSI  HSI  20706.92  
---
 UNCH  0%
ASX 200  S&P/ASX 200  5228.60   
 0.68  0.01%
SHANGHAI  Shanghai  3006.51   
 -10.33  -0.34%
KOSPI  KOSPI Index  1972.69   
 -1.39  -0.07%
CNBC 100  CNBC 100 ASIA IDX  6246.57   
 17.85  0.29%

"Oil will be front and centre in the Asian session...The real focus in the market is the lack of decline seen in gasoline inventories," explained IG market strategist Angus Nicholson. "Summer driving season in the U.S. will end within the next two months, which is when demand for gasoline is at its highest, and yet gasoline inventories are not declining as expected.

"This is developing into a major concern for the oil market because once the seasonal demand disappears, gasoline inventories could be set to explode in the second half of the year," he added.

Meanwhile, Japan's May current account surplus stood at at 1.81 trillion yen ($17.96 billion), dipping 3.72 percent from a month earlier, Reuters reported. The stronger yen curbed gains from investment overseas, but tourism income hit a record high.

U.S. June non-farm payrolls are due later in the day and investors will watch for signs that May's disappointing headline figure of 38,000 was an anomaly. Friday's data is expected to show a rebound to 175,000 nonfarm payrolls, according to Thomson Reuters - a number that will likely influence the Federal Reserve's easing bias for the rest of the year.http://www.cnbc.com/2016/07/07/asian-markets-to-focus-on-oil-us-jobs-data.html

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