On Aug 7 Netac Technology published its half-year report, reporting 1H revenue of 966 mln yuan, up 101.76% YoY; net profit attributable to shareholders 95.08 mln yuan, versus a 17.86 mln yuan loss in the year-ago period; basic EPS 0.4744 yuan.

Asian shares opened slightly lower Friday as renewed geopolitical tensions pulled U.S. stocks and Treasuries down. A jump in oil ahead of Friday’s U.S. jobs report reignited inf concerns. Markets are focused on the payrolls print for fresh clues on Fed policy; stronger-than-expected employment could reinforce the case for rates remaining higher for longer, while any further Middle East escalation could lift energy prices and amplify volatility. UBS analyst Ulrike Hoffmann said short-term risks persist, particularly if U.S. data stay firm, oil continues to stoke inf worries, or markets keep pricing a more hawkish Fed path. Interactive Brokers senior economist José Torres said Wall Street reversed after the recent rally amid lingering uncertainty over the Strait of Hormuz.

Consensus: U.S. July average hourly earnings YoY +3.5% (prior +3.5%; survey range 3.4–3.6). Citigroup and a few forecasters at 3.4%; Standard Chartered, Oxford Economics and BNP Paribas at 3.6%. Reuters expectation +3.5%. Monthly consensus +0.3% (prior +0.3%; range +0.2–+0.3). Citigroup, JP Morgan and Nomura among forecasters at +0.2%; most large banks including Bank of America, UBS, Morgan Stanley, Goldman Sachs and Barclays at +0.3%. Reuters expectation +0.3%.