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Asian shares capped by China PMI slip, U.S. budget worry

Asian stock markets last Friday limit, emotion affected China and Italy's political turmoil in economic consequences, and the United States may cut costs worries, sluggish manufacturing data.
MIB. The stock market index is expected to FTMIB, open fell 0.2%. L.E U
The stock index futures fell 0.1%, also suggests that a weak Wall Street began.. N
But fall is limited, the main central Banks will continue to take stimulating measures, in order to support its economic confidence.
China's plant growth in February to cooling for months after low domestic demand down to measure the company has been slack foreign sales, two investigation shows, on Friday, emphasis on national flake economic recovery. However, this does not mean that China's economy is sliding into another slow, analysts say.
Row 2 months in China official manufacturing purchasing managers' index (PMI) is 50.1, slightly lower than 50.2 Reuters survey of consensus, and published in the January 50.4. Private investigation showed that the seasonal adjustment from January after two years in high 52.3, with the flash reading last HSBC PMI fell to 50.4.
"Although can seek comfort, China's economy is still in the expansion of the territory of the facts, leaching from PMI reading before and explain the recovery is far from linear, there are still some bumpy road," said Tim water in Sydney, CMC Markets senior trader.
Morgan Stanley capital international outside Japan shares the most widely index. MIAPJ0000PUS fell 0.1%, after the end of February, up 0.5%, present a soft on China's data reaction.
The Australian stock market. AXJO dropped 0.4%, pulling, in the last meeting of the four and a half years high touch, large mining companies, the metal prices lower. South Korea market for public holiday last Friday closed.
, this is sensitive data from China, Australia's biggest trading partner, the dollar $rose 0.2%, to $1.0230.
Japan's nikkei stock average price index. The N225 erase earlier land-lost rise 0.5%, strong reflationary measures, the bank of Japan in the coming months. The expected boost. T
In Indonesia market small go up to a new record. Data shows, Indonesia's trade deficit slightly narrow export from January one month before the release in nearly a year, reflecting the smallest drop global demand recovery, and provide early hope, the state's external balance may be improved in 2013.
From Japan, according to figures released on Friday, the Japanese enterprise cut plant and equipment spending in October to December, 8.7% from the same period last year, the decline in the first five quarter a sluggish exports, the world's third largest economy the are still struggling to find a solid foundation.
By contrast, in the United States new applying for unemployment relief last week, a decline in February the Midwest manufacturing activity rising sharply, indicating that the U.S. economy is improving.
Traders said, relative run win the Japan is the world's leading economy could soon in Japan sales to the United States dollar buying led, give a person find everything new and fresh, push the high dollar/yen yen.
A more modest 0.1% to $92.65 against the yen.
Uncertainty factors, may cloud such a positive outlook on life is possible within the scope of the economic loss from $85 to $automatic setting comprehensive "chelation" cut costs, the United States last Friday come into effect.
"Financial market problem is eerily calm, no one is talking about attachment, I worry about seems to lack of interest, when the market mood stable after Italy after the elections fluctuations, foreign exchange trading person in charge said:" hong frontcourt, the Swiss bank (UBS) in Tokyo, Japan.
He said reaction, if any, will likely in stocks and bonds, and spread to the foreign exchange risk, touch sensitive type currency, it may support dollars.
The international monetary fund (IMF) said on Thursday, it could cut its forecast for economic growth in the United States, if the full implementation of the cut of at least 0.5%. The international monetary fund forecasts, the U.S. economy will grow by 2% this year.
"In $85 billion in spending cuts is simply too small, a difference of economy and although it may cause some problems, which will have a bearing on impact investors distribution in different asset classes," said Ed may e, an analyst INTL FCStone also, in a research report.
Us crude oil futures prices fell 0.1% to $91.93 a barrel, earlier touch 2013 low of $91.43. , down to the low of $110.86 six weeks early, brent crude oil futures fell 0.3% to $111.05. The price of oil on the global economic concerns and needs of power balance. < O/R >
Spot gold small drop 0.1%, to $1578 an ounce.81, fell more than 1%, on Thursday, after the end of the fifth consecutive month of decline, since 1996, the longest string monthly decline 2. < GOL / >
The euro against the dollar rose 0.1%, to $1.3074, but nearly seven weeks low of $1.3018, and the pipe is earlier this week.
 



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