International News 2013.10.23.

2013. okt. 23.

Asian stock markets were mixed in cautious trade on Tuesday, as investors awaited the release of U.S. non-farm payrolls data later in the day to help assess the timing for a reduction in the Federal Reserve’s bond purchasing program.
In Tokyo, the Nikkei erased its earlier losses to close near the previous session’s three-week high as the Yen weakened against the U.S. Dollar, boosting the sentiment.
The delayed September nonfarm payrolls report which had been originally scheduled for release on October 4, will be published later today. Market participants have been looking out for U.S. data reports recently to gauge if they will strengthen or weaken the case for the Fed to reduce its current stimulus program.
The USD is trading on a firmer footing versus its major peers this morning. Investors will probably remain on the side-lines, ahead of today’s non-farm payrolls report in the U.S., which is likely to shed light on the prospects of QE3 tapering in the near term.
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