SYDNEY (Reuters) – Asian shares rose on Friday for the second session as economic news from China and Japan exceeded all expectations, while bitcoin, the new crypto market, fell more than 10 percent after a meteoric rise in the last weeks.
Sterling briefly rose after the head of the European Commission Jean -Claude Juncker said that the EU and the United Kingdom have made progress in negotiations on how to manage their land border after Brexit and that the two sides will advance to the next step of the negotiation.
Beijing reported that exports increased 12.3 percent in November from the previous year, more than double the forecast, while imports rose almost 18 percent.
Imports of iron ore and copper enjoyed a stellar rebound, which could help curb a recent decline in commodity prices.
Japan's Nikkei .N225 led the way as the yen eased against the dollar, rising 1.1 percent above the 1.45 percent bounce on Thursday, to be almost back where the yen began. week.
The revised data showed that Japan's economy grew twice as fast as initially thought, as business spending grew.
European stock futures rose, with the euro stoxx 50 futures STXEc1 rising 0.6 percent in the first trades.
Australian equities gained 0.3 percent, while MSCI's broader index of Asia and the Pacific shares out of Japan .MIAPJ0000PUS rose 0.7 percent.
Bidders were encouraged by a more stable performance on Wall Street, where the Dow. DJI rose 0.29 percent. The S & P 500 .SPX gained 0.29 percent and the Nasdaq .IXIC 0.54 percent.
US non-farm payrolls are still to come UU., With investors looking for 200,000 new jobs in November and the wages of most of those who speak could show some strength.
The pound sterling, which rose briefly to $ 1.3521 in the Brexit agreement, two cents above its $ 1.3320 low on Thursday, was last traded at $ 1.3461 GBP =, a 0.1 percent drop on the previous month. day.
It was one of the few currencies to win with the US dollar, which otherwise was much firmer.
The currency of the United States dispatched 113.00 yen to reach 113.34 JPY =, while the euro touched a minimum of two weeks at $ 1.1763 EUR =. Against a basket of currencies, the dollar remained firm at 93,848 .DXY.
Bitcoin BTC = BTSP with a crest greater than $ 16,666 in the Bitstamp exchange that doubled its value in just two weeks.
But in a few hours it fell almost 15 percent from that level to a minimum of 14,239 in the volatile trade, which intensifies the debate about whether it is a bubble about to explode. The last time was $ 15,641, 6 percent on the day.
The largest cryptocurrency exchange in the US UU It has been struggling to manage record traffic, with an imminent release of the first bitcoin futures contract that further fuels investor interest.
Some, however, warned that the arrival of futures could be the fall of the digital favorite.
"Dragging Bitcoin into the futures market raises the risk that big players open doors to the hell of short sales," said Naeem Aslam, chief market analyst at Think Markets UK.
"Futures markets allow shortening in decent size with a lot of liquidity, which affects the discovery of prices in the market of underlying assets."
The spectacular increase of the cryptocurrency has stolen some thunder from the bulls of gold, providing an asset that is also seen as a protection against inflation and government interference.
Gold stabilized at $ 1,258.10 XAU =, having finally broken its narrow recent trading range to reach a four-month low at $ 1,245.60.
"The demand for gold in relation to supply has taken centuries to reach a balance," said Alan Ruskin, macro strategist at Deutsche Bank. "The global demand for Bitcoin continues to find its place in relation to limited / inelastic supply."
Oil prices had gone in the opposite direction as a threat of strike by oil workers in Nigeria forced a short coverage.
Brent LCOc1 futures barely changed to $ 62.19 a barrel, after having risen 98 cents during the night. US crude CLc1 dropped 4 cents to $ 56.65. [O/R]
Additional reports by Hideyuki Sano; Edition of Sam Holmes and Shri Navaratnam