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Forex Flash: Asian markets mixed, Europe gets ready for EU growth forecasts
Japan's Nikkei Stock Average (+0.68%), South Korea's Kospi (+0.18%), Indonesia's Jakarta Composite (+0.70%) and India's Bombay Sensitive (+0.10%) moved higher, while Mainland China's Shanghai Composite (-0.51%) and Hong Kong's Hang Seng (-0.45%) closed lower on Friday. China House Price Index rose from 0.0% to 0.8% in January. Weak Eurozone PMI data yesterday and this weekend’s Italian election have been priced in.
The German DAX 30 (+0.47%) and the French CAC 40 (+0.59%) are signaling a higher opening ahead of European Commission Growth Forecasts and German IFO survey. German GDP figures confirmed the -0.6% quarterly contraction in Q4.
