Asian Shares Steady after China PMI

Asian shares and the dollar trod water on Monday, as investors cautiously awaited key U.S. data this week after a decent reading on China manufacturing calmed worries about the health of the world’s second-biggest economy.

The tepid performance in the region is seen extending to Europe, with financial spreadbetters tipping Britain’s FTSE 100 .FTSE to open down 0.2 percent, Germany’s DAX .GDAXI up 0.1 percent, and France’s CAC 40 .FCHI steady.

“The recent rally has lost some of its momentum but expectations that festive spirits can filter through in to a bumper spending spree are keeping equities well supported,” Jonathan Sudaria, a dealer at London Capital Group, said in a note to clients.

Reuters

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