TOKYO: Global shares held near their record high on Friday as investors looked to U.S. jobs data for signs of balanced economic growth with tame inflationary pressure, while Chinese shares dropped a day after China's Communist Party celebrated its centenary.
Loo also Some investors also noted possible unease among overseas investors over President Xi Jinping's warning to foreign powers in a speech to mark his party's centenary, as Sino-U.S. tensions simmer over many issues. Jobless claims continued their downward trajectory, touching their lowest level since the pandemic shutdown.
"The situation remains uncertain and no one would have their forecast with high degree of confidence now. Markets will be very sensitive to any upticks in inflation," said Tomo Kinoshita, global market strategist at Invesco. The two-year notes yield stood at 0.261per cent, not far from 15-month peak of 0.284per cent set last month.
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