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Global equities were mixed before the US jobs report on Friday, as declines in tech stocks weighed on Asian indices after the emerging markets benchmark slipped into bearish territory.
Fears of contagion in emerging markets and persistent trade tensions have contributed to a drop in Asian and European stocks this week as most major indices are close to closing a weekly loss. On Thursday
MSCI
The emerging markets index fell on the bear market, defined as a 20% drop from a recent high.
The Stoxx Europe 600 gained 0.1% early in the session, with the telecommunications and chemicals sectors leading the way.
Futures have shown a decline in inventories in the United States as weak tech stocks continue to degrade US indices.
Economists surveyed by the Wall Street Journal predict that employers created 192,000 jobs in August and that the unemployment rate fell to 3.8% from 3.9% a month earlier.
In Asia, Hong Kong's Hang Seng edged up 0.1% and the Shanghai Composite Index gained 0.4%.
Meanwhile, South Korea's Kospi was down 0.3% and Japan's Nikkei fell 0.8% as the Japanese index closed lower for the sixth consecutive trading day.
Wall Street technology sales continued in Asian markets on Friday, with Samsung falling 2.6%. Shares of the Chinese heavyweight Tencent rose 0.6% but remained down 6.9% over the week.
Last week, "the negative witness was transferred from EM to US technology," wrote Deutsche Bank strategists Friday.
Meanwhile, yields on 10-year US government bonds edged up from 2.877% to 2.879% on Thursday. Yields evolve in the opposite of prices.
In the United States, Brent crude, the world's benchmark, rose 0.2% to $ 76.62 a barrel, following declines on Thursday after a weekly report showed that stocks of US petroleum products already began to increase. Gold was stable at $ 1,204.50 an ounce.
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