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Additional Support Anticipated For China Stock Market
The China stock market bounced higher again on Friday, one session after ending the two-day winning streak in which it had climbed more than 50 points or 1.6 percent. The Shanghai Composite Index now sits just beneath the 3,330-point plateau and it's tipped to open in the green again on Monday.
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Taiwan Stock Market Set To Add To Its Winnings
The Taiwan stock market has finished higher in three straight sessions, gathering more than 100 points or 0.7 percent along the way. The Taiwan Stock Exchange now rests just beneath the 15,610-point plateau and it's expected to extend its gains on Monday.
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Singapore Stock Market Overdue For Support On Monday
The Singapore stock market has moved lower in five straight sessions, sinking almost 50 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,230-point plateau although it's poised to end its slide on Monday.
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Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market turned lower again on Friday, one session after ending the six-day losing streak in which it had slumped more than 20 points or 1.5 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,455-point plateau although it's expected to bounce higher again on Monday.
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Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in three straight sessions, gathering more than 30 points or 1.2 percent along the way. The KOSPI now rests just above the 2,430-point plateau and it's poised to add to its winnings on Monday.
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South Korea Inflation Data Due On Monday
South Korea will on Monday release February figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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U.S. Dollar Moves Lower Amid Easing Interest Rate Concerns
The value of the U.S. dollar has moved to the downside during trading on Friday, with easing concerns about the outlook for interest rates reducing the appeal of the safe-haven commodity.
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Swiss Stock Market Extends Gains On Friday
The Swiss stock market closed higher on Friday, finishing in the green for the second straight session.
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European Markets Close To The Upside On Friday
The major European markets finished on a positive note on Friday, extending gains from the previous session. They opened higher and largely remained positive throughout the session, finally ending in the green.
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U.S. Services Index Edges Slightly Lower In February
The Institute for Supply Management released a report on Friday showing a very slight slowdown in the pace of growth in U.S. service sector activity in the month of February. The ISM said its services PMI edged down to 55.1 in February from 55.2 in January, although a reading above 50 still indicates growth in the sector.
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Pound Higher On Strong U.K. Services PMI
The pound advanced against its most major counterparts in the European session on Friday, as the nation's service sector returned to growth in February, reducing concerns over a recession.
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German Auto Industry Confidence Weakens In February - Ifo
Optimism among Germany's automakers eased in February and they assessed the current economic situation as significantly worse as buyers were increasingly cautions amid fears of a recession, survey data from the ifo institute showed Friday. The confidence indicator for the automobile manufacturing industry more than halved in February, to 6 points from 12.5 points in January.
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France Industrial Output Falls For First Time In 3 Months
French industrial production declined for the first time in three months in January largely due to falling transport equipment manufacturing, official data showed on Friday. Industrial production fell 1.9 percent from December, when output grew 1.5 percent, the statistical office INSEE reported.
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