China stock surge lifts risk currencies in Asia Friday while poor Japanese data sent JPY down to fresh multi-month lows. The Shanghai Composite closed 4.3% higher after the HSBC flash China PMI beat expectations at 50.9, and a Government think tank suggested interest rate cuts. In Japan manufacturing sentiment slumped in the 4Q, which made investors even more bearish on JPY ahead of this weekend's election. Elsewhere, sterling doesn't seem to have been harmed by S&P's outlook downgrade and France seems pretty happy after Fitch affirmed its AAA rating with a negative outlook. For Friday, flash PMIs grab attention.
Find us on Google+
No comments:
Post a Comment