BREAKING: Asian Investors Anticipate Modest Rise in Markets After Mixed Day on Wall Street
NEW YORK, Dec 2 (Reuters) - Investors in Asia were expecting small gains on Thursday, after Wall Street booked a choppy day due in part to a disappointing private jobs report indicating slowing economic activity.
MSCI’s gauge of stocks across the globe gained 0.09%. Nikkei futures were up about .07% and Hong Kong’s Hang Seng index futures rose 0.23%.
In early trade, Australia’s S&P ASX 200 climbed 0.46%.
U.S. private payrolls added fewer jobs than expected in November as growing new COVID-19 infections led to additional business restrictions. The bleak jobs report added to signs that the economy was decelerating as a tumultuous year nears a close.
Investors’ hopes, however, were bolstered by advancements by COVID-19 vaccine candidates and the U.S. Congress passing a potential coronavirus stimulus package.
The Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.18%. The Nasdaq Composite dropped 0.05%.
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