Asian markets rallied on Friday as investors tentatively awaited the release of key US employment data after a series of disappointing numbers this week, fueling concerns over the global top economy.
Prevented for some years The slowdown in growth in most other countries, a major lack of factory activity and the creation of private jobs showed that the United States is now feeling the effects of its longstanding trade war with China.
On Thursday a measurement of the sector of crucial services The low for three years had been reached, and the expectations that the Federal Reserve lowered for the third time at its meeting in October of this year had risen.
The latest data surpassed expectations, but an upswing on Wall Street had lost more than one percent on Tuesday and Wednesday ̵
The expectations for such a step are high.
"A faster slowdown in economic activity will set a new milestone in the Fed's concerns about business confidence and investment and may trigger a significant political reaction," said Stephen Innes, Asia-Pacific Market Strategist AxiTrader.
"Are bad news still good news? This seems indeed to be the case after markets have fully priced in a Fed rate cut in October and a December price cut, suggesting that monetary policy remains one of the key drivers investor sentiment remains. "
– Dollar weakening –
OANDA senior market analyst Jeffrey Halley added that while markets" priced in an almost 100% interest rate cut, "the bank is holding its horses for the time being could.
"With trade talks between the US and China restarting next week in Washington, it would make perfect sense (for the Fed) to see if progress is made," he said in a note.
In early trading, Hong Kong declined 0.1 percent and Sydney 0.1 percent, Seoul and Taipei 0.3 percent and Wellington 0.8 percent.
Manila and Jakarta also increased, but Singapore slipped 0.3 percent and Tokyo lost 0.1 percent. Shanghai was closed for holidays.
The prospect of lower rates weighed on the dollar, which has fallen against the highest yielding currencies, such as the South Korean won and the Indonesian rupiah.
Despite the uncertainty surrounding the pound, he also noted poor prospects for the UK economy, following Prime Minister Boris Johnson's recent Brexit plan leaving the EU a few weeks ahead of the Brexit Had not defeated on the 31st of October.
Johnson has warned that he will resign without an agreement if the two sides fail to reach an agreement, which has triggered concerns over a deep recession in the already stumbling British economy.
– Key figures at 0230 GMT –
Tokyo – Nikkei 225: 0.1 percent down at 21,321.99 (pause)
Hong Kong – Hang Seng: 0.1 percent dropped at 26,076.96
Shanghai – Composite: Closed for Holiday
Euro / Dollar: $ 1,099 up from $ 1,0969 at 2100 GMT
pound / dollar: $ 1,235 up from 1 , 2340 US dollars / yen: AB at 106.84 yen from 106.87 yen
West Texas Intermediate: 21 ruble cents at 52.66 dollars a barrel
Brent North Sea Crude Oil: 19 cents to 57.90 USD per barrel
New York – Dow: 0.5 UP percent to 26.201.04 (closing price)
London – FTSE 100: 0.6 percent down to 7,077.64 (closing price)