Asian shares edged higher on Monday, looking to extend their recent rally to a third week should U.S. jobs figures show the expected revival in hiring in May and keep the global recovery on track.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was a fraction firmer, having rallied 2.2% last week. Japan’s Nikkei (.N225) was flat, while Australia (.AXJO) rose 0.2% to a fresh all-time peak.
Markets in the U.S. and UK are closed for a holiday, but futures were still trading in Asia with the Nasdaq up 0.2% and S&P 500 ahead by 0.1%.
The main event of the week will be U.S. payrolls on Friday with median forecasts at 650,000 but the outcome…