Asian stocks are mixed

Asian stocks are mixed

On Friday, Asian equities showed mixed performance, with major bank reviews indicating easy conditions in the short-term and concerns ascending about the path ahead next year.

Japan's Nikkei 225 tacked on 0.02%, the S&P/ASX 200 dived 0.09%. Released on Friday Japan's most recent tankan poll disclosed that for a fifth consecutive quarter large manufacturers' sentiment had improved.

As for Australian miners, they were mixed too, with Rio Tinto descending 0.19% and BHP rising 0.14%.

Additionally, the Shanghai Composite went down 0.85%, the Hang Seng index sagged 1.14%.

Overnight, American equities dipped because reports that tax reform could be losing important Senate votes put pressure on financials, bringing the broader indexes lower.

The Dow Jones Industrial Average concluded higher being worth 24,510. In addition to this the S&P 500 slumped 0.41%, while the Nasdaq Composite showed an outcome of 6856.53, decreasing 0.28%.


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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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