An optimistic end to a difficult trading week with a partial recovery of markets
Stock reviews
• No one could have predicted how this turbulent week in the markets would end, but just one weekly report on jobless claims in the US was enough to record 233,000 initial jobless claims, down from 250,000 last year. week, less than economists had forecast to offset most of the damage after fears of a looming U.S. recession sent investors into panic.
• Asian stock markets rose across the board on Friday, following a strong rebound on Wall Street. Japan's Nikkei rose 1.6% and erased most of Monday's 13% fall, with a weekly fall of just 1.5% likely.The yen is now expected to...