3 weeks ago
Asian Shares Pause Ahead of US Jobs Data; Oil Rises
On Friday, stock markets in Asia took a little break and waited.
They were waiting for news about jobs in the United States.
When lots of people have jobs, the economy is strong, but it can also make prices go up.
The Federal Reserve, which is like America's central bank, may change interest rates this month.
Interest rates are the cost of borrowing money, and the jobs report will help it decide.
Meanwhile, oil became more expensive because of problems in the Middle East.
A group called the Houthis attacked Saudi Arabia, which is a big oil supplier.
When oil costs more, many other things get more expensive too.
So investors are watching closely to see what happens next.
Asian shares held flat on Friday as investors awaited US jobs data seen as pivotal for the Federal Reserve's next interest-rate decision.
US payrolls are forecast to rise by 80,000 jobs in July after a 57,000 gain in June, with unemployment expected to hold at 4.2%.
Brent crude rose 1% to $83.38 a barrel after Yemen's Houthis attacked Saudi Arabia, renewing Middle East supply fears.
South Korea's KOSPI slipped 0.5%, marking a seventh straight weekly decline despite doubling in the first half of the year on AI chip demand.
Iran is reviewing a draft bill that would bar US, Israeli and other 'hostile' vessels from the Strait of Hormuz, with fines of up to 20% of a ship's cargo value.
- Who
- Asian stock markets and investors, the US Federal Reserve, JPMorgan economist Michael Feroli, Yemen's Houthis, Saudi Arabia and Iran.
- What
- Asian shares paused ahead of US jobs data seen as pivotal for the Federal Reserve's rate decision, while oil prices extended gains on Middle East tensions.
- Where
- Asia-Pacific markets, the United States and the Middle East, including Saudi Arabia, Yemen, Iran and the Strait of Hormuz.
- When
- Friday, August 7, 2026.
- Why
- Investors awaited the US payrolls report, which could determine the Federal Reserve's next rate move, while oil rose after Houthi attacks on Saudi Arabia.
Soft-Data Optimists
Higher-for-Longer Hawks
Impact of US jobs data on markets
Soft-Data Optimists
A soft payrolls report would ease yields and shift policy expectations toward a dovish path, supporting equities.
Higher-for-Longer Hawks
A strong jobs number would reinforce higher-for-longer pricing and put upward pressure on rates, making the report 'good news is bad news' for stocks.
Key facts
- MSCI Asia-Pacific ex-Japan
- Flat; down 0.4% for the week
- Japan's Nikkei
- Down 0.9%; set for weekly rise of 1.2%
- South Korea's KOSPI
- Down 0.5%; seventh straight weekly decline
- US July payrolls forecast
- Rise of 80,000 jobs (June: +57,000)
- US unemployment rate forecast
- 4.2%
- Brent crude
- $83.38 a barrel, up 1%
- Gold price
- $4,243 an ounce, up 0.1%
- Strait of Hormuz draft bill
- Fines up to 20% of a ship's cargo value
Quotes
Michael Feroli
Chief U.S. economist at JPMorgan
“"With yields and inflation still the key risks for stocks, we expect Friday’s NFP to trade as a ‘good news is bad news’ print," said Michael Feroli, chief US economist at JPMorgan, adding that a strong jobs number would reinforce higher‑for‑longer pricing and put upward pressure on rates.”
news18.com
“"Conversely, equities may respond positively to a soft payrolls report as yields ease and policy expectations shift toward a dovish path," added Feroli.”
news18.com
Sources
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