Asian markets rise while European stocks falter

• Japan’s Nikkei was up 3.88pc, making its biggest weekly gain on record.
• Euro Stoxx 50 futures were down 0.51pc.

Bullish trend was witnessed in Asian stocks whereas European stocks declined on Friday as investors looked on policymakers to roll out more stimulus measures to combat the coronavirus pandemic.

As per details, the MSCI’s world index of Asia-Pacific shares outside Japan rose 0.3percent, while Japan’s Nikkei was up 3.88pc, making its biggest weekly gain on record. Furthermore, the Australian shares were unable to maintain gains and declined 5.3pc after posting a strong week.

E-Mini futures for the S&P 500 were down 0.88pc following three consecutive days of gains in the S&P 500 on Wall Street.

Pan-regional Euro Stoxx 50 futures were down 0.51pc, German DAX futures decreased 0.61pc, and FTSE futures were down 1.31pc, suggesting gains in Asian shares will not carry over into Europe.

Stock-markets today:

Indonesia: +4.2%

Japan: +3.8%

Korea: +1.9%

India: +1%

China: +0.3%

Turkey: +0.1%

Italy: -1.3%

Russia: -1.3%

Germany: -1.4%

Spain: -1.5%

Netherlands: -2.2%

France: -2.2%

Belgium: -3%

UK: -3.5%

Australia: -5.3%