Amwal Al Ghad English - 2013-10-25 09:07:40
A stronger yen depressed Japanese stocks on Friday, while the dollar was hemmed in near a two-year low against the euro by expectations the U.S. Federal Reserve will continue its monetary stimulus well into 2014.
Those expectations were tempered, however, by continued worries over tighter cash markets in China, leading to a lopsided and selective rally in Asian markets.
The Nikkei share average's .N225 2 percent drop was also set to pressure European markets on Friday, financial bookmakers predicted.
Financial spreadbetters were forecasting falls in Germany and France as the region's equity indexes pause for breath after hitting fresh highs this week. They expected Britain's FTSE 100 .FTSE to open almost unchanged but Germany's DAX .GDAXI was seen opening down by as much as 0.3 percent while France's CAC 40 .FCHI was seen falling 0.4 percent.
In Asia, the Indonesian rupiah rallied nearly 2 percent against the weak dollar, but the Aussie was on the back foot. Aussie shares .AXJO rose 0.3 percent, ending near the 5-year high of 5,402.4 hit earlier in the week. More»