Stocks Edge Higher Before Jobs; Yuan Dips on PBOC: Markets WrapMore
(Bloomberg) — Asian stocks edged up alongside European futures in the run-up to a potentially key U.S. jobs report. The yuan slipped after China’s central bank chief said the country has tremendous room to adjust policy.
Japanese and South Korean shares advanced following gains on Wall Street in the wake of reports suggesting that a delay could be considered for U.S. tariff hikes on Mexican goods. U.S.-Mexico talks are set to resume Friday. The dollar climbed and Treasury yields ticked higher.
In an interview with Bloomberg, People’s Bank of China Governor Yi Gang also said that no one exchange-rate number is more important than others, amid speculation by some that China would prefer to keep the