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European shares closed lower on Friday, as investors remained cautious following a volatile session in Asia, and a weak start to U.S. trade.
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*Asia growth, talk of Fed QE tapering weighs on stocks. *HSBC leads financials lower on growth and US worries. LONDON, May 24- European shares fell on Friday, marking their first weekly loss in a month, led by financials on concern over earnings prospects in Asia and the potential scaling back of U.S. monetary stimulus.
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European shares closed lower on Friday, as investors remained cautious following a volatile session in Asia, and a weak start to U.S. trade.
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LONDON, May 24- Investors betting on a continuation of Japan's six-month runaway bull market suffered their biggest scare yet on Thursday as the Nikkei 225 lost more than 7%- its largest one-day loss in more than two years.
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The scenario raises concerns among many economists of what's become known as "sudden stops" in western investment flows to emerging markets- the most spectacular being the 1997/ 98 currency crises across Asia, Russia and Latin America but yet again at the height of the credit crisis in late 2008/ 2009..
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*FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct. LONDON, May 24- European shares edged lower on Friday, dragged down by heavyweight bank HSBC and some technical selling as key indexes tested support levels, igniting concerns about further falls.
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BERLIN- German business sentiment rises far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. ( GERMANY- ECONOMY/, expect by 0930 GMT/ 5.30 AM ET, by Sarah Marsh, 600 words).
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*Asian stocks outside Japan dip to 1- month lows. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent and reached levels not seen since April 19, extending Thursday's 2.2 percent fall. "There's a lot of volatility... from Japan, which is not good for market stability or confidence," said Stan Shamu, market strategist at IG in Melbourne.
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*Asian stocks outside Japan dip to 1- month lows. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6 percent, extending Thursday's 2.2 percent fall. "There's a lot of volatility... from Japan, which is jumping around 20 or 30 points at a time, which is not good for market stability or confidence," said Stan Shamu, market strategist at IG.
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SINGAPORE, May 24- London copper futures edged higher on Friday after falling the most in three weeks the session before on signs that growth had stalled in top consumer China.
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HONG KONG, May 24- Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus.
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*MSCI ex- Japan edges up. SYDNEY, May 24- Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.
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*Weak manufacturing in China, Europe, U.S. spur buying. The combination of the weaker dollar and the drop in equities markets has triggered fairly robust safe-haven buying in gold, "said James Steel, metals analyst and senior vice president at HSBC in New York.
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LONDON, May 23- Gold rose on Thursday as the dollar remained under pressure after falling U.S. weekly jobless claims and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus.
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*Copper falls as much as 3 pct, oil down for third day. *Gold bounces, grains shake off weakness on strong demand. LONDON/ SINGAPORE, May 23- Copper slid 3 percent and oil dropped for a third day on Thursday after factory surveys suggested that China's economic recovery has stalled and that the euro zone economy would contract again in the second quarter.
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British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.
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*FTSEurofirst 300 down 2.1 percent at 1,229.58. LONDON, May 23- Doubts over the Federal Reserve's long-term commitment to economic stimulus sent European stocks into reverse on Thursday, with losses in banks and miners compounded by weak data in Europe and China.
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*China factory activity shrinks in April- HSBC survey. SHANGHAI, May 23- China's yuan, which hit record highs the past two days, closed slightly lower against the dollar on Thursday after the central bank signalled a pause in moves encouraging appreciation for the currency.
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*China data heaps pressure on indexes at 5- yr highs. *Halfords wilts in wake of dividend cut. Federal Reserve could soon taper its stimulus programme and compounded by weak economic data from China.
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*Copper falls as much as 3 pct, oil down for third day. SINGAPORE, May 23- Copper fell 3 percent and oil dropped for a third day on Thursday after a factory survey suggested China's economic recovery has stalled and Federal Reserve Chairman Ben Bernanke hinted at possible cutbacks in the U.S. stimulus plan.
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LONDON, May 23- European equities went into a tailspin early on Thursday, spooked by concerns the U.S.