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Asian stocks found the going tough but most bourses finished off their lows News of a terror attack in Spain soured an already cautious mood The meandered lower against major rivals Why do some traders strike it so much richer than the rest? We wondered about that too, so we analysed more than 40 million trades to ascertain the
Asian markets' Friday session would be best characterized as one of modest risk aversion. Stocks were generally lower across the region but look set to finish some way short of their worst levels for the day.
Worries about the US Administration's ability to stop firefighting and get legislating combined with news of another deadly terror attack, this time in the Spanish city of Barcelona, to dampen demand for risk assets and see investors move instead toward perceived havens.
As the day wound up the Shanghai Composite managed to tick into the green, just, but the Nikkei 225 closed down 1.2%, with Sydney's down 0.55%
The foreign-exchange space was quiet, as well it might have been with little local economic news on tap. The US Dollar was a little weaker against the while the and the also gained on the greenback.
prices were steady around $1,286/ounce, which suggests that risk appetite is not entirely crushed. prices slipped a little early but made back most of their losses. Worries about final demand levels seem to be rising as investors fret US legislative gridlock.
The economic news schedule for the rest of the day boasts official Canadian consumer price numbers and the University of Michigan's venerable consumer sentiment roundup.
--- Written by David Cottle, DailyFX Research
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