Asian markets mixed as US jobs report suggests more upside potential

Japan +0.67%.BOJ’s Kuroda: Sustained CPI at 2%, accompanied by wage growth, is yet to be achieved; BOJ Kuroda said it will seek to achieve 2% inflation in a stable and sustainable way.
China -0.95%.
Hong Kong -2.32%.
Australia -0.25% Australian Data – Q4 2022 Retail Sales -0.2% QoQ (-0.6% expected).
Australian data – monthly headline inflation (from MI) +0.9 % monthly, core also +0.9 % monthly.
India -0.67%.
Friday on Wall Street, the main stock indexes on Wall Street are ending lower for the day as the NASDAQ index led the way with a drop of about -1.6%. However, that comes after some pretty strong gains including yesterday’s 3.25% gain. The Dow Industrial Average fell -127.93 points or -0.38% to 33926.00; The S&P fell -43.26 points -1.03% to 4136.49; The NASDAQ index fell -193.85 points or -1.59% to 12006.96.
The Labor Department said Friday that the U.S. economy added 517,000 jobs in January. That number easily beats the Dow Jones consensus forecast of 187,000. The strong jobs report pressured the Fed to raise rates.
A 7.7 magnitude earthquake hits Turkey.
Oil prices edged up in early trading on Monday after falling about 8% last week to their lowest in more than three weeks as worries about major economies outweighed signs of demand recovery in China. leading oil importer in the world.
Brent crude oil futures contracts rose 16 cents, or 0.2%, to $80.10 a barrel by 0022 GMT, while the US West Texas Intermediate (WTI) rough Futures were up 15 cents, also 0.2% higher, to $73.54 a barrel.
Gold prices recovered somewhat on Monday but a stronger dollar and concerns that the US Federal Reserve might continue to raise interest rates kept bullion prices below the key $1900/oz level.
Spot gold rose 0.4 percent to $1,872.96 an ounce, by 0257 GMT, after hitting its lowest since Jan. 6 earlier in the session. US gold futures contract rose 0.5% to $1,886.00.
spot silver rose 0.2% to $22.39 an ounce, platinum was little changed at $973.88 and palladium up 0.2% to $1,626.38.
US futures are lower. Dow Jones index -0.30%; S&P 500 -0.42%; Nasdaq -0.53%.