Asian markets up on Friday as G20 meeting resumes

Demand grew on Friday, allowing gains on Mainland China’s Shanghai Composite (+2.20%), Hong Kong’s Hang Seng (+1.54%), South Korea’s Kospi (+0.33%), India’s Bombay Sensitive (+1.52%) and Japan’s Nikkei Stock Average (+0.76%). With a particularly empty economic calendar during the Asian session, investors have headlines from the G20 meeting to trade to. In regard to talks about the BoJ and its monetary policy, it’s been reported that “Japan faced no opposition at G20 to its message that its monetary policy is aimed at beating deflation”, according to Japan finance minister Aso.

Futures for the German DAX 30 (+0.38%) and the French CAC 40 (+0.86%) are signaling a higher opening ahead of EMU current account and Italy industrial sales. German PPI fell -0.2% (consensus of 0.0%) and annualized data eased from 1.2% to 0.4% (consensus of 0.7%). The Italian Presidential election is still ongoing.