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Market Review

US stocks faltered as Wall Street's anxiety intensified just hours before the eagerly awaited US jobs report. S&P 500 ended 0.30% lower at 5,503.41, extending its decline into a third consecutive day despite some gains among major tech stocks. The Dow Jones ended 0.54% lower at 40,755.75. However, Nasdaq Composite ended 0.25% higher at 17,127.66.

Asia:

Asian indices were mixed in early trade with South Korea's Kospi trading more than 1.3% lower at 6:37 a.m., while Japan's Nikkei and Australia's ASX 200 were flat.

India:

India's benchmark indices ended lower on Thursday, dragged down by heavyweights Reliance Industries Ltd. and Bharti Airtel Ltd. Market is expected to open on a negative note and likely to witness range bound move during the day.

Global economy:

U.S. Secretary of State Antony Blinken on Thursday called for renewing a United Nations mandate for an international security mission to help Haiti fight armed gangs that have taken over much of the country's capital and expanded to nearby regions. The mission's mandate, first approved for 12 months, is set to expire at the start of October, but has seen few results with few troops on the ground and far less funding than hoped. At this critical moment you need more funding, you need more personnel to sustain and carry out the objectives of this mission, Blinken told a press conference in Port-au-Prince.

A U.S. judge on Thursday temporarily blocked President Joe Biden's administration from implementing its latest student debt forgiveness plan, just days after seven Republican-led states filed a lawsuit seeking to halt it. U.S. District Judge J. Randal Hall in Augusta, Georgia, said the states had established a likelihood of proving the Education Department lacked authority to cancel student loans under the plan, which the states alleged it was on the verge of doing.

Commodities:

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data.

Gold prices held steady on Friday, but were headed for a weekly gain, while market focus shifted to a crucial U.S. payrolls report for better clarity into the extent of an expected rate reduction this month.

Currency:

The U.S. dollar sagged near a one-week low versus major peers on Friday with job market indicators sending mixed signals ahead of crucial monthly payrolls data later in the day that is almost certain to set the pace for Federal Reserve policy easing.

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