Asian shares were set for a largely flat start on Friday as markets weighed a pause in Wall Street's multi-month stock rebound and awaited the ...
Asian shares were set for a largely flat start on Friday as markets weighed a pause in Wall Street's multi-month stock rebound and awaited the release of Chinese economic data later in the session.
Australian S&P/ASX 200 futures were down 0.05per cent, while Japan's Nikkei 225 futures were up 0.06per cent after the Nikkei 225 index closed up 1.78per cent at 23,249.61 on Thursday. The futures contract is down 0.11per cent from that close. Hong Kong's Hang Seng index futures were down 0.13per cent.
"Many say that the best treatment for altitude sickness is to stop and rest where you are," Rodrigo Catril, Senior FX Strategist at National Australia Bank in Sydney, wrote in a note about the slight pullback in U.S. stocks and government bonds. Joseph Capurso, Head of International Economics at Commonwealth Bank of Australia in Sydney, said economic data expected later on Friday from China would drive trading in the Australian dollar and Chinese currency.
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