SYDNEY: Asian shares were headed for their first weekly loss in five on Friday as a stunning rally in Chinese shares took a breather, although all eyes are on the details of much-anticipated fiscal stimulus from Beijing this weekend.
European stock markets are set to open slightly higher, with EUROSTOXX 50 futures and FTSE futures both up 0.2%. French bond futures rallied 33 ticks, slightly ahead of a small bounce in U.S. bonds, as France planned tax hikes and spending cuts to rein in its deficit.
