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Article: Asia stocks, oil advance before US job numbers.
- Article from:
- Financial Mirror (Cyprus)
- Article date:
- November 6, 2009
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Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
Stock indexes in Britain and France were expected to open slightly higher, while Germany's DAX was expected to open lower, according to financial bookmakers. U.S. equity futures were down slightly after a solid 2 percent rise in cash markets on Thursday.
The Australian dollar edged further above $0.91 after the Reserve Bank of Australia sharply upgraded growth forecasts and said more gradual increases in interest rates will be required.