Asian markets on Friday finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.76% and the Hang Seng rose 0.36%. The Shanghai Composite lost 1.60%.
European stocks jumped on Friday from an eight-month low after Federal Reserve Chair Janet Yellen said she’s ready to raise rates this year, indicating recent market turmoil won’t derail the U.S. recovery. The Stoxx Europe 600 leapt 2.8% to end at 349.28. Among national indexes, France’s CAC 40 gained 3.1% to finish at 4,480.66, and the U.K.’s FTSE 100 surged 2.5% to end at 6,109.01. Germany’s DAX 30 index climbed by 2.8% to finish at 9,688.53.
On Friday U S Stocks Lose Steam on Biotech Selloff . The Dow Jones Industrial Average advanced 113.35 points, or 0.7%, to 16314.67. Other indexes fared worse. The S&P 500 edged down 0.05%, to 1931.34, while the tech-oriented Nasdaq Composite Index lost 47.98 points, or 1%, to 4686.50.
Oil prices strengthened Friday as drilling in the U.S. declined and positive economic data boosted demand expectations. The Brent crude, the international benchmark, has nudged up to a little more than $48 a barrel, while its US counterpart, West Texas Intermediate, has bumped above $45.
Gold dropped 0.7 per cent to USD 1,145.60 an ounce in New York in yesterday’s trade.
Asian Stocks are in Red today Shares in China are lower today as the Shanghai Composite off 0.33%. Hang Seng is down 0.06% and Nikkaeni has lost 1.13 %