In Asian Equity Markets mainland Chinese shares fell in early trade. Shanghai composite fell 2.4 percent. Japan’s Nikkei 225 fell1.53 percent in morning trade, as shares of index heavyweights Fast Retailing, Softbank and Fanuc all saw declines. Over in South Korea, the Kospi shed 0.98 percent as automaker Hyundai Motor saw its stock fell more than 2 percent. Meanwhile, the ASX 200 in Australia fell around 0.9 percent, with the sectors mixed
In Currency Markets the euro traded close to a 21-month low against the dollar on Friday, hurt by a series of dovish signals from the European Central Bank, and the currency market braced for further volatility ahead of U.S. jobs data later in the day. The single currency stood little changed at $1.1196 after falling 1 percent on Thursday to touch $1.1176, its lowest since June 2017. It has declined 1.5 percent this week.
In Commodities Markets oil prices fell on Friday amid growing investor jitters over the global economy, after the European Central Bank (ECB) warned overnight of continued weakness and as fresh data showed Chinese exports and imports slumped last month. With rising U.S. supply also unsettling markets, international benchmark Brent crude oil futures were at $65.83 per barrel, down 47 cents, or 0.7 percent from their last close.
In US Equity Markets indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. The S&P 500 lost 0.81 percent, to 2,748.93 and the Nasdaq Composite fell 1.13 percent, to 7,421.46. Kroger Co shares fell 10.0 percent after the grocer projected annual profit below Wall Street estimates.
In Bond Markets ahead of Friday’s U.S. employment report Treasury yields were lower, propelled by the European Central Bank’s decision to delay its first post-crisis interest-rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union’s economic slowdown. Treasury yields fell across the board, with the 10-year benchmark note down 5.4 basis points at 2.638 percent.