Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered...
TOKYO - Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
Although earnings forecasts have been pegged back recently, share markets have been propped up by hopes of a trade deal between Washington and Beijing and optimism that the Chinese economy may be bottoming out on policy support. U.S. data overnight added to the cautious mood, with job openings dropping to an 11-month low in February and raising doubts about the strength of U.S. labor market, which has so far been one of the few bright spots in the economy.U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute.
In a possible sign of investors’ strong appetite for bonds, Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders. European Union leaders are likely to grant British Prime Minister Theresa May a second delay to Brexit but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain’s ability to undermine the bloc.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares rise to new seven-month high, oil closes in on $70Asian shares rose to fresh seven-month highs on Wednesday as global investors to...
Read more »
Asian shares scale new seven-month highs; tight supply lifts oilAsian shares rose to fresh seven-month highs on Wednesday as investors cheered s...
Read more »
Asia shares edge up to eight-month peak, oil settlesAsian shares hit an eight-month high on Tuesday as optimism about Chinese measur...
Read more »
Asia shares hug weekly gains, wait on U.S. jobs testAsian share markets consolidated their weekly gains on Friday as Sino-U.S. talks...
Read more »
Asia shares sit on weekly gains, await U.S. jobs testAsian share markets consolidated weekly gains on Friday as Sino-U.S. talks dragg...
Read more »
Asian shares held back by cautious mood, oil surgesAsian shares got off to a subdued start on Tuesday as investors braced for key e...
Read more »
Sheikh Salman retains place at helm of Asian footballSheikh Salman bin Ebrahim Al Khalifa was re-elected unopposed to the position as...
Read more »
Asian governments are trying to curb fake newsA bill in Singapore's parliament could become one of the world's most far-reaching laws on fake news
Read more »
Global investors haven't bought enough Asian stocks, Fidelity saysAsia — especially high-growth regions like China, India and Southeast Asia — are under-represented in global stock portfolios, says asset management firm Fidelity International.
Read more »