Asian stocks set for second weekly gain before U.S. jobs
Bareksa • 04 Apr 2014
Investors look at computer screens showing stock information at a brokerage house in Fuyang (REUTERS/China Daily)
The government’s nonfarm payrolls data due today will show that hiring increased last month by the most since November
Bloomberg - Asia’s benchmark stock index swung between gains and losses amid low trading volume, leaving the regional gauge on course for a second week of gains as investors await data on U.S. jobs growth.
The MSCI Asia Pacific Index slid 0.1 percent to 138.84 as of 12:01 p.m. in Hong Kong. The gauge yesterday capped a seventh straight advance, its longest winning streak this year, after a private report showed stronger-than-forecast growth in U.S. employment in March. The government’s nonfarm payrolls data due today will show that hiring increased last month by the most since November, economist estimates compiled by Bloomberg show.