Japan CPI, unemployment, US GDP

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Japan CPI, unemployment, US GDP

People walk through Shibuya on June 23, 2020 in Tokyo, Japan.

Carl Court | Getty Images

Asia-Pacific markets climbed Friday after economic data from the U.S. calmed recessionary fears, while investors also assessed a slew of data from Japan.

Initial

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in the U.S. fell to 231,000 from the prior week’s 232,000, but were slightly higher than the 230,000 expected by Dow Jones.

In addition, the second-quarter ****** domestic product growth was revised higher to 3% from the initial 2.8% rate.

I

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rose to 2.6% from June’s 2.2%, hitting its highest since March.

The core inflation rate — which strips out prices of fresh food — rose 2.4%, higher than the 2.2% expected from a Reuters poll of economists. Tokyo’s inflation is widely considered to be a leading indicator of nationwide trends.

Stronger inflation numbers offer the Bank of Japan more room too tighten its monetary policy.

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rose to 2.7%, more than the Reuters estimate of 2.5%.

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2.6% year on year, lower than the 2.9% growth expected by Reuters and the revised 3.8% increase seen in June.

Japan’s Nikkei 225 rose 0.46%, and the Topix climbed 0.59% after the data release.

South Korea’s Kospi gained 0.7%, while the small-cap Kosdaq advanced 0.78%. South Korea’s retail sales d

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compared to June. On a year-on-year basis, retail sales fell 2.1%.

Australia’s S&P/ASX 200 rose 0.37%.

Hong Kong Hang Seng index opened 0.52% higher, while mainland China’s CSI 300 rose 0.13%.

Overnight in the U.S., the Dow Jones Industrial Average climbed to a new record, up 0.59% and closing at 41,335.05. Gains in Goldman Sachs, Intel and Visa helped lift the blue-chip average to a new high.

The S&P 500 ended the session just below the flatline, but the Nasdaq Composite slid 0.23%, dragged by shares of chipmaker Nvidia, which slid 6.4%.

—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.

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#Japan #CPI #unemployment #GDP

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