Billionaire financier, George Soros, is warning of an impending financial markets crisis as investors around the world were roiled by turmoil in China trade for the second time this week.
In early morning trade, Asian stocks marched higher on Friday, following a positive lead from Wall Street on Thursday night, fueled by dovish signals from the US Federal Reserve minutes
In morning trade, Asian stocks traded mostly higher on Thursday following a positive lead from Wall Street, with Chinese equities leading gains after mainland markets resumed trade after a week-long holiday.
Volkswagen shares were up around 1.7 percent ahead of a decision on the company's next chief executive which is expected to be announced at the embattled carmaker's supervisory board meeting on Friday.
Nick Parsons, head of Research, UK and Europe at the National Australia Bank, says it will be taken as a negative signal if German DAX closes below 11000.
The US markets ended in the red, partly on the back of the US jobs data and partly by the back and forth in Greece over a reforms deal.
In key earnings today, Tata Power will report its numbers and according to a CNBC-TV18 poll, net sales may come in at Rs 8,875 crores, profits are seen at Rs 91 crores versus a reported loss of Rs145 crores.
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Underweight on emerging markets (and India in particular) in the long term, Nick Ferres investment director and member of global asset allocation at Prudential Asset Management said he is very much positive on the Indian growth story in the medium term.