Asian stocks pause as investors await US jobs data; oil climbs on Middle East tensions

boursorama.com (French)

Asian stocks stalled Friday as investors awaited US jobs data critical to the Federal Reserve's next rate decision, while oil prices climbed on renewed Middle East tensions. Forecasts expect 80,000 US jobs added for July; futures imply a 54% chance of a Fed rate hike next month. Brent crude rose 1% to $83.38 after Houthi attacks on Saudi Arabia, deepening supply concerns. Japan's Nikkei fell 0.9%; South Korea's KOSPI declined for a seventh straight week. A strong jobs number may hurt stocks, as solid data could support prolonged higher rates.


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