Overseas Trading: Asia Mixed After U.S. Jobs Data; Europe Gains on Dovish Draghi

Stocks in Asia ended mixed, while Europe is on the upswing at midday following dovish comments from ECB President Mario Draghi

by Elizabeth Harrow

Published on Dec 7, 2015 at 8:22 AM

It was a mixed finish in Asia today, with traders not totally convinced by Wall Street's big bullish move on Friday. A cooling yen helped Japan's Nikkei to a gain of roughly 1%, while China's Shanghai Composite ended a back-and-forth session 0.3% higher. Elsewhere, backpedaling crude prices sent Hong Kong's Hang Seng to a 0.2% loss, and South Korea's Kospi finished 0.5% lower.

European markets are trading higher, despite weakness in energy names. Speaking at an Economic Club of New York event late Friday, European Central Bank (ECB) President Mario Draghi said "there is no particular limit" to the steps policymakers may take to help get the eurozone's economy back on course. At last check, the German DAX has rallied 2.2%, the French CAC 40 is up 1.8%, and London's FTSE 100 is 0.5% higher.


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