WELLINGTON, Nov 22 (Reuters) - Asian stocks look set for a
cautiously firmer start on Friday, with investors watching market
reaction to China's latest move to tackle its inflation and
Ireland's package of loans from the EU and IMF.
Late on Friday, China's central bank said it would raise reserve requirements for the second time in two weeks, moves which have raised fears over the outlook for global growth.
Despite the move the main Wall Street indexes rose about 0.2 percent on Friday, as semiconductor shares rallied on a strong revenue report from Marvell Technologies.
The mood could get a lift from confirmation Ireland had finally accepted aid from the EU and IMF, which could extend to 80 to 90 billion euros over three years.
Asian stocks listed on Wall Street fell 0.1 percent on Friday. British shares fell 0.6 percent while European shares dipped 0.5 percent as the Irish concerns hit banks and fears and stronger commodity prices.
The euro firmed on the Ireland deal, while the greenback was steady against the Japanese currency.
Japan's Nikkei ended at a five-month high on Friday helped by demand from offshore hedge funds. Nikkei futures traded in Chicago were 65 points above the last closing level in Osaka.
Australian shares are also seen steady to a touch firmer, with share index futures up 0.1 percent to 4,655, a 26 point premium to the underlying S&P/ASX 200 index. Attention on the debut of QR National, the biggest float in over a decade.
HEADLINES:
KEY INDEXES pct change
Bank of New York Asia ADR index -0.13
Dow Jones Industrial Average +0.20
Nasdaq Composite Index +0.15
Nikkei futures in Chicago 10,105
Nikkei futures in Osaka 10,050
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Finance Minister Yoshihiko Noda news conference
HONG KONG - Nine Dragons Paper (Holdings) Ltd
annual meeting
AUSTRALIA - QR National trading debut
- Suncorp CEO speech
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Late on Friday, China's central bank said it would raise reserve requirements for the second time in two weeks, moves which have raised fears over the outlook for global growth.
Despite the move the main Wall Street indexes rose about 0.2 percent on Friday, as semiconductor shares rallied on a strong revenue report from Marvell Technologies.
The mood could get a lift from confirmation Ireland had finally accepted aid from the EU and IMF, which could extend to 80 to 90 billion euros over three years.
Asian stocks listed on Wall Street fell 0.1 percent on Friday. British shares fell 0.6 percent while European shares dipped 0.5 percent as the Irish concerns hit banks and fears and stronger commodity prices.
The euro firmed on the Ireland deal, while the greenback was steady against the Japanese currency.
Japan's Nikkei ended at a five-month high on Friday helped by demand from offshore hedge funds. Nikkei futures traded in Chicago were 65 points above the last closing level in Osaka.
Australian shares are also seen steady to a touch firmer, with share index futures up 0.1 percent to 4,655, a 26 point premium to the underlying S&P/ASX 200 index. Attention on the debut of QR National, the biggest float in over a decade.
HEADLINES:
KEY INDEXES pct change
Bank of New York Asia ADR index -0.13
Dow Jones Industrial Average +0.20
Nasdaq Composite Index +0.15
Nikkei futures in Chicago 10,105
Nikkei futures in Osaka 10,050
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Finance Minister Yoshihiko Noda news conference
HONG KONG - Nine Dragons Paper (Holdings) Ltd
annual meeting
AUSTRALIA - QR National trading debut
- Suncorp CEO speech
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.