Asian shares go flat as China data disappoints
Asian shares go flat four-month highs on Friday as a dismal survey on Chinese factory activity dulled optimism about the prospects for a Sino-U.S. deal on tariffs.
- MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent.
- Japan’s Nikkei went flat.
- Shanghai blue chips held onto a 0.7 percent gain.
- S&P 500 ending Thursday with a gain of 0.86 percent.
- Nasdaq jumped 1.37 percent on the back of a near 11 percent rise in Facebook Inc (NASDAQ:FB).
- The Dow slipped 0.06 percent.
- The U.S. dollar, though it was off its lows on Friday. It was down 0.6 percent so far this week against the yen at 108.85, but found some support around 108.50.
- A weaker dollar helped nudge the euro to $1.1509 , its highest since Jan. 11.
- The greenback was slipped about 0.3 percent to a two-week low of 108.695 yen.
- The pound was a shade higher at $1.3127.
- Spot gold stood at $1,318.44 per ounce.
- U.S. crude futures edged up 5 cents to $53.87 per barrel.
- Brent rose 13 cents to $60.97.
- Yields on two-year Treasuries were down almost 15 basis points on the week so far, which if sustained would be the largest weekly decline since mid-2010.