
Asian markets climbed on Thursday after the previous day's losses, with expectations for a Federal Reserve interest rate hike further dampened by a weak set of US data.
The disappointing figures out of Washington also pushed Wall Street lower and weighed on the dollar but attention is now on the release of a key US job report on Friday.
Tokyo rallied 1.17 percent, Hong Kong added 0.50 percent, Sydney put on 0.68 percent and Seoul 0.42 percent higher, with Shanghai advancing 0.33 percent.
Analysts warned of some rocky weeks ahead after a strong rally across global equity markets in the first three months of the year as Greece attempts to reform its bailout and oil prices struggle.
Expectations for an early summer US rate hike were all but dashed Wednesday after the release of the latest US indicators that included growth in the manufacturing sector slowing for the fifth straight month in March and construction spending dipping in February, led by a decline in public construction.
Also, payrolls firm ADP said 189,000 private sector jobs were created in March, below the 200,000-mark for the first time since January last year.
The Dow fell 0.44 percent, the S&P 500 dipped 0.40 percent and the Nasdaq lost 0.42 percent.
And on currency markets the news weighed on the dollar, which fetched 119.63 yen in Tokyo Thursday, against 119.76 yen in New York.
Investors will be now closely watching Friday's non-farm jobs figures to see if the economy remains strong enough to absorb a rate hike.
"You've got payrolls tomorrow and you've still got the backdrop of Fed rate hikes that I think will come later, rather than sooner," Mark Lister, head of private wealth research at Craigs Investment Partners Ltd., told Bloomberg News.
"It will be tougher and more volatile from here."
The euro bought $1.0754 and 128.65 yen, compared with $1.0760 and 128.86 yen. The European single currency continues to hold up as Greece tries to convince its international creditors to accept proposals reforming its bailout programme.
On oil markets US benchmark West Texas Intermediate eased 55 cents to $49.54 while Brent slipped 53 cents to $56.57.
Gold fetched $1,202.58 against $1,183.55 late Wednesday.
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor