Asia shares tentative, oil set for weekly gains on Mideast risks
Economy
- 4-10-2024, 09:30
INA-source
Asian stocks rose on Friday while oil prices were headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge.
Investor focus was also on the key U.S. nonfarm payrolls report due later in the day, which would provide further clues on the Federal Reserve's rate outlook.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab rose 0.16% and was set to end the week with a 0.5% increase.
Source- reuters
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