Asian shares subdued on dampened U.S. rate cut expectations
Monday, 8 July 2019 08:13 WIB |
MARKET UPDATE |MSCI Asia PacificSaham AsiaBursa Asia
Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country's president dismissed its central bank governor over the weekend.
Global equities have generally been bolstered by expectations that central banks will keep interest rates at or near record lows to boost economic growth.
Those expectations were tempered by a U.S. labor report that showed nonfarm payrolls jumped 224,000 in June, beating forecasts for 160,000, in a sign the world's largest economy still had fire.
Asian shares tracked Wall Street, which fell from record highs on Friday.
MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.3%, with South Korea's KOSPI off 1% and Australian shares down 0.4%.
Source : Reuters