Quotes from the news wire:
Following strong U.S. payrolls data last week, we are in a sweet spot where the U.S. economy seems to be doing okay while the chances of a near-term Fed rate hikes are still relatively small, earnings in the U.S., Europe and Japan are not bad. So we may be seeing something of a 'Goldilocks' market globally.
There are some hopes that a series of Chinese economic data due early next week will give investors relief, traditionally Chinese shares perform relatively well around the time of lunar new year and Shanghai shares also appear to be supported around the 3,000 mark even as they briefly fell below that level yesterday.
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