Asian stocks up before US jobs data

<p>The US Labor Department is due to release jobless claims tomorrow.</p>

Asian markets were up today (April 2nd) as investors await US jobs data, while oil kept sliding due to Iran and world powers extending talks over the country's nuclear programme.

The US Labor Department is due to release jobless claims after the publication of weak manufacturing data yesterday, renewing speculation about when the Fed will raise interest rates.

US employers probably hired fewer workers in March than the previous month, economists quoted by Bloomberg said before Friday’s payrolls report.

Meanwhile, Chinese shares edged up after China's State Council announced measures to expand the scope of the country's social security fund to allow it to buy more local government debt, investment trusts and shares in state-owned companies.

The benchmark Shanghai Composite index rose 0.41 per cent to 3,825.78, while Hong Kong's Hang Seng index closed 0.77 per cent up at 25,275.64. Japan's Nikkei rose 1.46 per cent to 19,312.79 on hopes the central bank is buying stocks. The broader Topix index was up 1.7 per cent to close at 1,554.17.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (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.