WELLINGTON: Asian stocks are expected to open lower on Monday, Aug 9 after weaker-than-expected U.S. jobs data renewed concerns about the economic recovery.
The main U.S. indexes closed between 0.2 percent and 0.4 percent lower, but off their lows, as data showed the U.S. economy shed 131,000 jobs in July, more than double the 65,000 decline forecast, while the private employment number rose less than expected.
After the closing bell, the world's top computer maker Hewlett-Packard Co said Chief Executive Mark Hurd had resigned after an investigation of sexual harassment, sending its shares 9 percent lower in extended-hours trading.
Asian stocks listed on Wall Street <.BKAS> closed 0.5 percent higher.
British shares <.FTSE> ended 0.6 percent lower, and European shares <.FTEU3> fell more than 1 percent and below a key resistance level, led by banks and miners, as the weak U.S. jobs data weighed on sentiment.
The U.S. dollar dipped to a near 15-year low against the yen after the jobs report, with the weak data seen adding weight to the prospect of the Federal Reserve renewing Treasury and mortgage bond purchases to stimulate the economy.
Support for the Japanese currency was seen around 85 yen, a dip below which might increase volatility and push Japanese officials to try to talk down the yen.
Japanese markets are set to open weaker, with Nikkei futures traded in Chicago <2NKc1> 60 points below the last closing level in Osaka.
Australian shares are seen falling on the U.S. data and weaker metals prices. Share index futures are 14 points lower at 4,515, a 51 point discount to Friday's close of the underlying S&P/ASX 200 <.AXJO> index. - Reuters
The main U.S. indexes closed between 0.2 percent and 0.4 percent lower, but off their lows, as data showed the U.S. economy shed 131,000 jobs in July, more than double the 65,000 decline forecast, while the private employment number rose less than expected.
After the closing bell, the world's top computer maker Hewlett-Packard Co
Asian stocks listed on Wall Street <.BKAS> closed 0.5 percent higher.
British shares <.FTSE> ended 0.6 percent lower, and European shares <.FTEU3> fell more than 1 percent and below a key resistance level, led by banks and miners, as the weak U.S. jobs data weighed on sentiment.
The U.S. dollar dipped to a near 15-year low against the yen
Support for the Japanese currency was seen around 85 yen, a dip below which might increase volatility and push Japanese officials to try to talk down the yen.
Japanese markets are set to open weaker, with Nikkei futures traded in Chicago <2NKc1> 60 points below the last closing level in Osaka
Australian shares are seen falling on the U.S. data and weaker metals prices. Share index futures
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