Asia stocks, dollar rise on China inflation data relief

Asia stocks, dollar rise on China inflation data relief
 

Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world's second-biggest economy.
Spreadbetters forecast a slightly higher open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI following a bounce in oil prices.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.4 percent after dropping 1.1 percent on Thursday, when weak Chinese export numbers hit global equities, stopped a rise in U.S. yields and halted the... read more

 
14 October 2016 in Business, Views: 37
Source: Reuters
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