Asian stocks mixed ahead of US jobs report

<p>The US nonfarm payrolls report for September is due later today.</p>

Asian stocks ended the week on a subdued note today (October 2nd) as investors await a US jobs report that is expected to give clues about when the US Federal Reserve will start raising interest rates.

According to a Reuters forecast, the US nonfarm payrolls report for September will show that employers added 203,000 jobs in September, with an unemployment rate remaining at 5.1 per cent.

"I'm just looking for steady, continuing improvement in the labour market, continuing improvement in the economy," US Federal Reserve Bank of San Francisco president John Williams said yesterday. He told reporters he sees the US Fed raising rates this year, possibly as early as October.

Overnight, Wall Street ended the session on a mixed note. The Dow Jones Industrial Average remained unchanged, while the S&P 500 and Nasdaq Composite added 0.2 per cent each.

Japan's Nikkei 225 edged up 0.1 per cent to 17,735.78 today, while South Korea's Kospi lost 0.2 per cent to 1,975.04. Hong Kong's Hang Seng soared 2.7 per cent to 21,415.01 and Australia's S&P/ASX 200 fell 1.3 per cent to 5,045.40. Markets in mainland China are closed for holidays until October 8th.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.