Asian stocks weighed by South Korea; busy week for central banks
Political tumult in France and South Korea was joined by the fall of Syrian President Bashar al-Assad's regime, which complicated an already fraught situation in the Middle East.
Still, the mood was generally upbeat after U.S. November payrolls showed enough of a recovery to assuage concerns of a slowdown, but not so much as to forestall a rate cut from the Federal Reserve next week.
«Incoming data support our call for global growth lift into year-end, despite a slipping Euro area and building political stress,» said Bruce Kasman, head of economic research at JPMorgan.
«We expect policy rates in Canada, Euro area, and Sweden to drop to 2% or lower over the coming year, while US and UK rates settle close to 4%,» he added. «This month's meetings should point in this direction.»
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