HONG KONG — Asian stocks slipped and oil's rally fizzled Friday as wary investors awaited U.S. jobs data and Italy's referendum on
KEEPING SCORE: Japan's Nikkei 225 index shed 0.5
WORK REPORT: Economists expect the latest monthly report on U.S. jobs, due out after trading ends in Asia, to show that employers added 174,000 jobs, leaving the unemployment rate at 4.9
REFERENDUM RISK: Italians head to the polls Sunday to vote on measures that Premier Matteo Renzi says will make the country more competitive. Renzi has promised to resign if voters choose "no." Market watchers say a rejection of the plan would raise uncertainty about Italy's government and banks.
ANALYST INSIGHT: "Reaction to the Italian Senate referendum being held on December 4 will no doubt impact investment markets early in the week ahead," said Shane Oliver, head of investment strategy at AMP Capital in Sydney. But he added, "we anticipate shares to be higher by year end as seasonal strength kicks in - the 'Santa rally' normally gets underway from around mid-December."
ENERGY: Oil snapped its rally after hitting its highest level since mid-October. Benchmark U.S. crude lost 21 cents to $50.86 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.62, or 3.3
WALL STREET: Gains from blue chips helped push the Dow Jones industrial average up 0.4
CURRENCIES: The dollar edged up to 114.01 yen from 113.78 yen in late trading Thursday. The Japanese currency is still near its highest in about 10 months. The euro rose to $1.0670 from $1.0665.