Asian Equities Higher after U.S. Jobs Data

Asian equities tracked gains in global markets on Friday following a better-than-expected U.S. employment report.

U.S. companies added 288,000 jobs in June while the unemployment rate dropped to 6.1 percent, its lowest since September 2008, according to data from the Bureau of Labor Statistics.

The report indicated that expectations for strong second-half growth may be fulfilled, sending the Dow Jones Industrial Average above 17,000 points for the first time and sparking a 1 percent rally for German and French stocks. U.S. markets will be shut on Friday for the July 4 holiday.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.