Asia-Pacific markets are mostly expected to open higher after U.S. data calms recession fears

Asia-Pacific stocks were mostly set to rise on Friday after U.S. economic data calmed recession fears.

Initial Unemployment claims The number of newly confirmed cases in the United States fell to 231,000 from 232,000 in the previous week, but was slightly higher than the Dow Jones’s expectation of 230,000.

In addition, the second quarter GDP growth rate was revised up to 3% from the initial estimate of 2.8%.

In Asia, investors assessed a slew of economic data from Japan, including Inflation rate in the capital Tokyoup to 2.6% from 2.2% in June.

Tokyo inflation is widely considered a leading indicator of national trends.

Unemployment rate in Japan It rose to 2.7%, higher than the Reuters forecast of 2.5%.

Japan is also due to release its retail sales data later on Friday.

Japanese Nikkei 225 Index Futures also showed the market opening higher, with the Chicago futures contract at 38,510 and the Osaka futures contract at 38,390, compared with the previous close of 38,362.53.

Futures in Australia S&P/ASX 200 It closed at 8,060 points, slightly higher than the previous close of 8,045 points.

Hongkong Hang Seng Index The futures index closed at 17,741 points, lower than the Hang Seng Index’s last closing price of 17,786.32 points.

In the United States, overnight Dow Jones Industrial Average It hit a new high, rising 0.59% to close at 41,335.05 points. Goldman Sachs, Intel and visa Pushing the blue chip average index to a new high.

this S&P 500 The trade ended slightly below the flat line, but Nasdaq Composite Index Down 0.23%, dragged down by chipmakers Nvidiadown 6.4%.

—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.