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GLOBAL MARKETS-Asian shares rise as investor focus turns to US payrolls

August 4, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.46% higher after dropping 2.3% on Thursday. Japan's Nikkei was choppy and last up 0.1%. "Asian equities face challenging trading conditions on Friday," said market analyst Anderson Alves at ActivTrades, pointing to a risk-off environment after Fitch downgraded its rating of U.S. government by one notch earlier in...
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