Japanese stocks rose, paring the Topix index’s longest weekly losing streak since February 2014, as investors await a U.S. jobs report to provide the last major clue on the state of the world’s biggest economy before the Federal Reserve next meets.
The Topix added 0.5 percent to 1,482.38 as of 9:01 a.m. in Tokyo, on course for a 4.4 drop this week, its fourth straight weekly loss. All but five of its 33 industry groups rose. The Nikkei 225 Stock Average gained 0.5 percent to 18,276.16.
Futures on the Standard & Poor’s 500 Index added 0.1 percent after the underlying measure rose 0.1 percent on Thursday. U.S. market are closed on Monday for a holiday. The Stoxx Europe 600 Index rallied 2.4 percent after President Mario Draghi said the European Central Bank is expanding the scope of monetary stimulus amid signs of a slowdown in the region.
The U.S. August nonfarm payrolls report on Friday represents the last major data point before the Fed meets on Sept. 16-17 to discuss the timing of its first increase in interest rates in nearly a decade. U.S. reports Thursday showed jobless claims rose more than forecast last week, while a measure of the services industry hovered just below a 10-year high.