Japanese stocks led most Asian shares lower Friday as the yen advanced with investors awaiting a key US jobs report later in the day and after the European Central Bank indicated it could expand its stimulus.
With mainland Chinese markets closed for a second day, volatility was minimal and traders were able to focus on macro issues, chiefly the US Federal Reserve's plans for raising interest rates.
While expectations are for a hike before the end of the year - with US growth picking up - the recent turmoil in global markets caused by China's ongoing economic crisis has muddied the waters for the Fed's policy committee.
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With mainland Chinese markets closed for a second day, volatility was minimal and traders were able to focus on macro issues, chiefly the US Federal Reserve's plans for raising interest rates.
While expectations are for a hike before the end of the year - with US growth picking up - the recent turmoil in global markets caused by China's ongoing economic crisis has muddied the waters for the Fed's policy committee.
For Free Signals, click here KLSE online OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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