GLOBAL MARKETS-Asian markets mixed in early trade, Tokyo reopens after trading glitch

(Updates with Tokyo Stock Exchange reopening)
By Pete Schroeder
WASHINGTON, Oct 2 (Reuters) - Asian markets were little
changed on Friday, as a U.S. stimulus deal remained out of reach
and investors waited on fresh U.S. employment data for a read on
the economic toll from the coronavirus pandemic.
U.S. markets kicked off the fourth quarter closing higher on
Thursday while the dollar sank, as investors tracked stimulus
talk updates throughout the day. The September employment report
from the Labor Department looms large, following new layoff
announcements from the likes of Disney DIS.N and Goldman Sachs
GS.N .
Japan's Nikkei 225 index .N225 was up 0.35% after the
Tokyo Stock Exchange (TSE) resumed normal trading after its
worst-ever outage brought the world's third-largest equity
market to a standstill.
MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.1%, while Australia's benchmark
S&P/ASX 200 index .AXJO slipped 0.7%.
In the United States, an additional economic stimulus
package remained elusive despite renewed efforts from Washington
negotiators. After a day of negotiations, House Speaker Nancy Pelosi told
reporters she did not expect an imminent agreement with the
Trump administration. It remains unclear if policymakers can get
something done before the Nov. 3 election. New data showed U.S. consumer spending was still up in
August, but its momentum was slowing as increased unemployment
benefits began to dry up. If policymakers cannot agree on more
support, the economic toll could worsen. "The risk is that if disposable incomes continue to fall,
the recovery in personal spending will slow or even reverse. The
fiscal stimulus stalemate suggests additional government support
payments to households are unlikely soon," said Commonwealth
Bank of Australia currency analyst Kim Mundy in a note.
The Dow Jones Industrial Average .DJI rose 0.13%. The S&P
500 .SPX gained 0.53% and the Nasdaq Composite .IXIC added
1.42%. Stimulus talks pushed the dollar to a more than one-week low
against a basket of major currencies overnight, with the Chinese
yuan, Australian, New Zealand and Canadian dollars all gaining
against the greenback. The dollar index was down 0.1% at 93.722
=USD . Gold rose after its worst month since November 2016 while
oil prices continued to fall, adding to a 10% September drop.
Spot gold prices XAU= rose 1.04% to $1,904.97 an ounce.
U.S. gold futures GCv1 settled up 1.1%.
Oil prices fell more than 3% as rising coronavirus cases
around the world dampened the demand outlook, while a rise last
month in member output from the Organization of the Petroleum
Exporting Countries also pressured prices.
In early Asian trade, Brent crude futures LCOc1 were
trading down 0.8% at $40.60 a barrel. U.S. crude futures CLc1
were down 0.8% at $38.41 a barrel.
China's stock and bond markets, foreign exchange and
commodity futures markets are closed Oct. 1-8 for the Golden
Week holiday. South Korea and Hong Kong markets are also closed
on Friday for holidays.

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