With Exception of India, Asian Shares Decline

Indian shares outperformed on Thursday on hopes for an opposition party victory in state elections while the rest of region declined after strong U.S. data raised uncertainty over when the Federal Reserve may taper its stimulus program.

A private report of U.S. employment saw 215,000 jobs created during November, versus expectations for 173,000, while new home sales surged over 25 percent in October. The data comes ahead of Friday’s highly-anticipated nonfarm payrolls report, which is expected to see an increase of 180,000 jobs for November, down from October’s 204,000 figure.

Meanwhile, central bank meetings are in focus with the European Central Bank and Bank of England due out with their respective monetary policy decisions. Ahead of the ECB decision, the euro was steady at $1.3588 per dollar.

CNBC

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