Asian shares rose on Friday as Chinese shares returned from a one week holiday upbeat, tracking a global rally, while investors also eyed key US jobs data for any fresh insight into the timing of Federal Reserve tapering.
“The debate on China is shifting a bit away from being very negative. People are asking ‘Is there a way beyond the regulatory uncertainty? How much of this is reflected in prices?’," said Herald van der Linde, Asia Pacific head of equity strategy at HSBC.The focus remains on the property market as investors wait to see whether regulators take action to contain the contagion from cash-strapped China Evergrande Group’s debt problems.
Investors are also keeping an eye on US employment data for September due later on Friday. They expect employment figures that are near consensus will lead the Federal Reserve to indicate at its November meeting when it will begin tapering its huge stimulus programme.
I just want to say a big thank you to markdonaldlisaT I was nobody until a friend of mine introduced you to me it has been nothing but financial success for me. I will continue to share your good name ma’am markdonaldlisaT
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks take a beating on growing inflation angstBond yields spike and dollar strengthens as rising energy prices spark fresh concern that interest rates are set to rise
Source: BDliveSA - 🏆 12. / 63 Read more »