World News: 03:04 GMT Thursday 3rd July 2014. [Yahoo Business News Feed via SPi World News]
By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks hovered at a three-year high and the dollar rose early on Thursday after robust jobs data fuelled hopes that the U.S. nonfarm payrolls report would point to momentum building in the economy. The upbeat ADP report heightened expectations that the all-important June U.S. nonfarm payrolls due at 1230 GMT would show the American economy gathering momentum after a dismal start to the year. "The market is expecting to see another print north of 200,000 and no doubt sentiment will be riding high following this ADP reading," Stan Shamu, market strategist at IG in Melbourne, wrote in a note to clients.
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