jeudi 12 mars 2015
Asian shares edge up, poised for weekly losses
Posted on 18:21 by nice news
Asian shares shook off early losses on Friday, underpinned by overnight gains on Wall Street, while the dollar steadied after its recent rally ran out of steam on disappointing retail sales data.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up about 0.1 percent on the day. It was well off 7-week lows plumbed earlier in the week but still on track for a weekly loss of around 2 percent.
Japan's Nikkei stock average .N225 was up 0.9 percent ahead of Friday's settlement for Nikkei futures and options contracts expiring in March. Investors with long positions in Nikkei futures would like to see them settle at a higher price.
On Wall Street, U.S. shares rallied on Thursday, but the S&P 500 .SPX was still on track to post its third consecutive weekly decline, hit by the prospect of higher U.S. interest rates and the effect of the strong dollar on corporate earnings.
But the dollar pulled away from its recent multi-year highs after U.S. retail sales unexpectedly fell in February, a month marked by harsh weather. That tempered the outlook for first-quarter growth and gave investors reason to doubt that the Federal Reserve would hike interest rates as early as June.
However, many investors' rate-hike bets remained intact after last week's stronger-than-expected U.S. payrolls report. The Fed's policy-setting committee meets next week, and investors hope the me
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up about 0.1 percent on the day. It was well off 7-week lows plumbed earlier in the week but still on track for a weekly loss of around 2 percent.
Japan's Nikkei stock average .N225 was up 0.9 percent ahead of Friday's settlement for Nikkei futures and options contracts expiring in March. Investors with long positions in Nikkei futures would like to see them settle at a higher price.
On Wall Street, U.S. shares rallied on Thursday, but the S&P 500 .SPX was still on track to post its third consecutive weekly decline, hit by the prospect of higher U.S. interest rates and the effect of the strong dollar on corporate earnings.
But the dollar pulled away from its recent multi-year highs after U.S. retail sales unexpectedly fell in February, a month marked by harsh weather. That tempered the outlook for first-quarter growth and gave investors reason to doubt that the Federal Reserve would hike interest rates as early as June.
However, many investors' rate-hike bets remained intact after last week's stronger-than-expected U.S. payrolls report. The Fed's policy-setting committee meets next week, and investors hope the me
Asian shares edge up, poised for weekly losses
Categories: Asian shares edge up, poised for weekly losses
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