1/ NOT SO FAST How big a risk is a global economic recession? Cue "flash" PMIs due on Nov. 22 from Japan and the euro area; numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilisation, raising expectations that hefty central bank easing had helped the global economy to bottom out.
Stocks gain in Japan, Hong Kong and Shanghai. Asian shares were mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Japan's benchmark Nikkei 225 inched up nearly 0.4% in morning trading.
- 1/ NOT SO FAST. How big a risk is a global economic recession? Cue "flash" PMIs due on Nov. 22 from Japan and the euro area; numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilization, raising expectations that hefty central bank easing had helped the global economy to bottom out.
- 1/ NOT SO FAST. How big a risk is a global economic recession? Cue "flash" PMIs due on Nov. 22 from Japan and the euro area; numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilization, raising expectations that hefty central bank easing had helped the global economy to bottom out.
1/ NOT SO FAST How big a risk is a global economic recession? Cue "flash" PMIs due on Nov. 22 from Japan and the euro area; numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilisation, raising expectations that hefty central bank easing had helped the global economy to bottom out.
* MSCI Asia ex-Japan +0.57%; Nikkei +0.7% * European futures point higher in early deals. * Kudlow says U.S., China getting close to trade deal. * Yen weakens, U.S. Treasury yields higher. By Andrew Galbraith.
* MSCI Asia ex-Japan +0.67%; Nikkei +0.76% * Kudlow says U.S., China getting close to trade deal. * Yen weakens, U.S. Treasury yields higher. By Andrew Galbraith. Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end.
* MSCI Asia ex-Japan +0.34%; Nikkei +0.58% * Yen weakens, U.S. Treasury yields tick higher. * Trade uncertainty weighs, truce seen unlikely. By Andrew Galbraith. Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy.
The U.S. dollar fell against the Japanese yen on Thursday morning, though it was steady against the euro, on diminished risk appetite amid ongoing political turmoil in Hong Kong and weak data from Asia and Europe. The Japanese yen and Swiss franc, both safe-haven assets, were up 0.23% and 0.21% against the dollar in early trade.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. The Japanese yen and the Swiss franc led gains against a broadly weak greenback on Thursday as weak Chinese data and concerns about whether Beijing and Washington can reach a trade deal prompted investors to seek shelter in perceived safe-haven assets.
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