Asian shares were mixed Monday with Australia shrugging off better than expected manufacturing data in China in HSBC''s November survey while the Hang Seng rose slightly.
The S&P/ASX 200 was down 0.7% as the top buyer of its mineral exports showed steady demand. But the Hang Seng ended the morning up 0.11% while on the mainland the Shanghai Composite ended down 1.65%. In Japan, the Nikkei 225 ended the morning down 0.12%.
U.S. stocks were mixed after the closing bell on Friday, with the Dow Jones Industrial Average fell 0.07%, the S&P 500 index shed 0.08%, while the Nasdaq 100 index climbed 0.50%.
Across the Atlantic, European stock markets were mixed at close. France’s CAC 40 was down 0.17%; Germany’s DAX gained 0.19%; Britain’s FTSE 100 declined 0.06%; and the EURO STOXX 50 fell 0.14%.
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report for November, amid expectations that the Federal Reserve will start to scale back its stimulus program at one of its next few meetings.
Meanwhile, rate decisions by the ECB, the BoE, the Reserve Bank of Australia and the Bank of Canada will also be in focus.
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