Asian Equities Looking Higher after U.S. Gains

Asian equity markets are set for gains on Thursday following strong U.S. jobs data, with focus turning towards the European Central Bank.

Australia’s benchmark S&P ASX 200 index added 0.2 percent in early trade, in sight of a near three-month peak hit on Monday, while the Australian dollar traded below 86 U.S. cents for the first time since 2010 ahead of October jobs data. The economy is expected to add 20,000 jobs with the unemployment rate steady at 6.2 percent. The report comes after the Australian Bureau of Statistics announced changes to how it calculates the seasonally-adjusted data.

Japan’s benchmark index is set to breach 17,000 points, extending gains into a sixth session. Stock futures in Osaka ticked up 0.2 percent to 17,020 while Chicago futures rose 0.6 percent to 17,100, both above the Nikkei’s seven-year closing high of 16,937.


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