WELLINGTON: Asian stocks are set for a steady start to the week, but the fragile mood of equity markets and lingering concerns about a potential return to recession are likely to keep investors on edge.
Global markets finished a wild week with a second relatively settled session on Friday, helped by a short-selling ban on financial stocks in Europe.
The main Wall Street indices rose between 0.5 percent and 1.1 percent on light volumes but without the wild intra-day swings which occurred in the first few days after the U.S. credit rating was downgraded by Standard and Poor's.
Blue chip stocks posted steady gains, as some investors were happy to buy stocks while they appeared cheap, with plane-maker Boeing gaining 4.9 percent.
Economic data was mixed, with a rise in retail sales offset by a fall in consumer confidence. See and
Asian stocks listed on Wall Street fell 0.31 percent while world stocks, as measured by the MSCI world equity index, rose 1.06 percent.
British shares rose 3 percent while European shares gained 3.6 percent as banks recouped some of the ground lost earlier in the week.
The U.S. dollar and euro climbed higher against the Swiss franc after the Swiss National Bank threatened to peg the currency to the euro to stem its meteoric rise, while the yen continued to hover near record highs against the greenback.
Japanese markets are set to rebound from a weak session on Friday, with Nikkei futures traded in Chicago 90 points above the last closing level in Osaka.
Australian stocks are nudge higher, with share price index futures up 1 percent to be 7.4 points above the close of the underlying S&P/ASX 200 index. ' Reuters
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Global markets finished a wild week with a second relatively settled session on Friday, helped by a short-selling ban on financial stocks in Europe.
The main Wall Street indices rose between 0.5 percent and 1.1 percent on light volumes but without the wild intra-day swings which occurred in the first few days after the U.S. credit rating was downgraded by Standard and Poor's.
Blue chip stocks posted steady gains, as some investors were happy to buy stocks while they appeared cheap, with plane-maker Boeing gaining 4.9 percent.
Economic data was mixed, with a rise in retail sales offset by a fall in consumer confidence. See and
Asian stocks listed on Wall Street fell 0.31 percent while world stocks, as measured by the MSCI world equity index, rose 1.06 percent.
British shares rose 3 percent while European shares gained 3.6 percent as banks recouped some of the ground lost earlier in the week.
The U.S. dollar and euro climbed higher against the Swiss franc after the Swiss National Bank threatened to peg the currency to the euro to stem its meteoric rise, while the yen continued to hover near record highs against the greenback.
Japanese markets are set to rebound from a weak session on Friday, with Nikkei futures traded in Chicago 90 points above the last closing level in Osaka.
Australian stocks are nudge higher, with share price index futures up 1 percent to be 7.4 points above the close of the underlying S&P/ASX 200 index. ' Reuters
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