Asian Markets Mixed, U.S. Futures Gain

Asian stock markets displayed mixed results on Friday, with U.S. futures showing gains and oil prices slightly dipping. Investors are closely monitoring upcoming economic reports to influence central bank decisions. Japans Nikkei index fell by 1.2% due to a larger-than-expected drop in household spending. Technology shares, like chip makers, were significantly impacted. Traders are cautious ahead of a key U.S. inflation report, which could affect the Federal Reserves policy. Chinas markets were also cautious, awaiting important economic data next week. South Koreas Kospi index rose by 1.1%, with LG Electronics and Hyundai Motors seeing good gains. The U.S. stock market maintained its calm run, with the S&P 500 edging up slightly and investors hoping for a Fed interest rate cut to support the job market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.