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The struggle of Asian markets at the end of the volatile week

Asian traders moved cautiously yesterday at the end of a volatile week and after another hot Wall Street lead, while the focus moves to exit later in the day in the US Markets are struggling to find Stability over the last five days after the controversial ban on travelers Donald Trump seven of the Muslim majority countries and states that China and Japan were currency manipulators. The start of the unpredictable tycoon presidency and its protectionist rhetoric have sent the world's capital shock waves and aroused concerns of a global trade war. The sale of pressure contrasts with the rise in the two months following the electoral victory of Trump, which was fueled by hope to continue promises to increase infrastructure spending and cut taxes, pulling the US economy. "With the news from Washington and the new administration to increase further, enthusiasm for the revaluation of Trump has further declined," David de Garis, senior analyst at National Australia Bank, said in a comment. Have been in and out of the positive territory due to fluctuations in the yen, while Hong Kong fell 0.2 percent. Shanghai closed up 0.6 percent, A week off Chinese New Year impressed with data showing that the activity of the factory in the number two of the world economy was stabilized.Sydney was down 0.4 percent and in Seoul added 0, 1 percent, while Singapore decreased by 0.2 percent, however, Wellington, Taipei and Jakarta increased.In early European trade was flat London, Paris added 0.3 percent and Frankfurt gained 0, 1 percent. "It was very rough waters for investors to sail through this week," said Gary Huxtable, Atlantic Pacific Securities Client Advisor, in a note. Attention is now focused on the January employment report, which was released later on Friday, which will provide a better picture of the US economy. A strong reading will pressure the Fed to consider raising interest rates in March, according to analysts, after many impressive figures from last week. On the currency markets, the dollar recovered from morning losses against the yen, but investors remain skeptical about their short-term future. It was also based on gains against the pound after the 1 percent wave on Thursday, which was driven by a standstill prospect for spending in the UK by the Bank of England. Policy makers have improved its growth forecasts for the UK economy but kept interest rates low and took a conservative stance on future increases, citing an expected slowdown in consumer spending, while the weakness of the pound Increases the cost of living.

 
 

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