Spreadex Market Update
Mixed market performance for Asian equities
Asian equities again saw mixed performance in Friday morning trading. Chinese shares rose 1 percent over the session to secure the largest weekly increase since September, gaining 5.6%. Russian dollar traded stocks struggled on worries of further sanctions on business in the country, European officials are meeting again today to discuss possible action over continued problems in Ukraine. The MSCI’s broadest index of Asia-Pacific shares outside Japan was also down but still managed to post a weekly gain of more than 1 percent.
The dollar continued to rise yesterday against the euro and the yen. A rise in US government bond yields and another record close for the S&P 500 index responsible for the gains. Gold remained around the $1295 level after reaching a one-month low on Thursday afternoon. Brent crude was down to around $10720 as US Secretary of State John Kerry continued efforts to calm tensions in the Middle East, but investors remain wary of unrest in the region.
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