Four central banks in the region will announce rate decisions, while investors will also assess the impact of inflation numbers from the U.S. and China
Asia-Pacific markets were mixed ahead of central bank decisions this week, with investors also awaiting inflation numbers from the U.S. and China.
Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the month and 4.1% from a year earlier, both in line with estimates.However, Goldman Sachs' analysts noted that investors are"questioning how much upside is left" and recommended that investors consider a specific trading strategy.Morgan Stanley names three"overlooked" global tech stocks that it says look cheap right now.
The 50-day moving average for U.S. crude of $79.07 a barrel is slightly outpacing its 200-day moving average of $79.02. Brent's 50-day moving average is $83.74 a barrel, above the 200-day moving average of $83.54. All 11 sectors were on track for gains in the session, led higher by communication services and information technology names. As a whole, the index was up more than 1% during Friday trading.
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