Asian Equities Higher with Nikkei at Five Month High

Asian equities were mostly higher on Friday, tracking gains in global markets 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.

Meanwhile, the European Central Bank (ECB) kept its monetary policy unchanged at its meeting on Thursday, as expected.


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