On Thursday most global stocks stepped into the bear market territory. Selloffs are likely to continue on Friday, however much will depend on the economic updates due later in the day in Europe and the US.<\/p>\n
\n Russian floors have started off Friday higher, attempting to
\n rebound after Thursday\u2019s losses. The MICEX advanced 1.2 percent
\n in the early trade to 1295.06, while the RTS added 1.32 percent
\n to 1278.33.\n <\/p>\n
On Thursday Russian stocks closed lower, however after America
\n released a positive reading on US economy. MICEX ended Friday
\n 1.49 percent lower at 1281.89, and RTS closed down 0.16 percent
\n at 1261.63 on strengthening Russian ruble.\n <\/p>\n
Most European bourses closed mixed on Thursday following heavy
\n losses in Japan. The World Bank\u2019s revised growth forecast for
\n China\u2019s economy of just 7.7 percent from an earlier reading of
\n 8.4 percent signaling slowdown on lack of investment added to the
\n negative sentiment.\n <\/p>\n
The benchmark Stoxx 600 index slipped 0.1 percent to 290.51. The
\n UK’s FTSE 100 index of leading shares added 0.1 percent to
\n 6304.63, Germany’s DAX declined 0.6 percent to 8095.39 and
\n France’s CAC 40 ended up 0.1 percent to 3797.98.\n <\/p>\n
On Friday eurozone is to release official data on consumer price
\n inflation, which accounts for the majority of overall inflation.\n <\/p>\n
US stocks rallied Thursday on positive reports from the US job
\n market and optimistic update on retail sales, easing concerns
\n over a steep fall in Japan.\n <\/p>\n
The Dow Jones industrial average jumped 1.2 percent, to
\n 15,176.08, ending its three-day-long series of losses. \u00a0\n <\/p>\n
The S&P 500 gained 1.5 percent, to 1,636.36, and the NASDAQ
\n gained 44.94, or 1.3 percent, to 3,445.37.\n <\/p>\n
The US will round up the week with data on producer price
\n inflation, industrial production, the capacity utilization rate,
\n the current account and preliminary data from the University of
\n Michigan on consumer sentiment.\n <\/p>\n
Investors however are still worried over the Federal Reserve\u2019s
\n and other central banks\u2019 intention to pull out of their stimulus
\n programs of pumping money into the financial systems of their
\n states. The situation in Japan also concerns investors.\n <\/p>\n
Stocks in Asia rebounded Friday after the massive drop in Japan
\n on Thursday. Investors were encouraged with good news from the
\n US.\n <\/p>\n
Tokyo’s Nikkei 225 advanced 2.4 percent to 12,748.33, rebounding
\n from Thursday’s 6.4 percent drop that dragged the stocks into
\n “bear market” territory.\n <\/p>\n
China’s Shanghai Composite gained 0.2 percent to 2,152.96 after
\n Thursday’s 2.8 percent loss. Hong Kong’s Hang Seng gained 1
\n percent to 21,093.50 and South Korea\u2019s KOSPI added 0.2 percent to
\n 1,885.63.\n <\/p>\n
Taiwan’s Taiex index lost 0.4 percent to 7,916.76 and Australia’s
\n ASX S&P 200 rose 1.7 percent to 4,776.60. Benchmarks in
\n Singapore, Philippines, Indonesia and New Zealand also grew.\n <\/p>\n
Oil is currently trading lower with Brent losing 0.37 percent to
\n $104.50, and WTI trading 0.2 percent lower at $96.70.
\n <\/p>\n