Growth woes, trade tension douse rally in Asian shares

SYDNEY - Asian stocks stepped back from near eight-month highs on Thursday and the dollar eased as cautious European and U.S. central banks reinforced investors’ worries about the slowing global economy and trade protectionism.

Risky assets have been volatile so far this year while bonds have rallied on fears of a recession in the United States and the possibility of a sharper slowdown in other major economies including the euro zone. Australian shares also lost ground, pressured by political uncertainty after the prime minister called a national election for May 18.

On Wednesday, the European Central Bank kept its loose policy stance and warned that threats to global economic growth remained. The ECB has already pushed back its first post-crisis interest rate hike, and President Mario Draghi raised the prospect of more support for the struggling euro zone economy if its slowdown persisted.

Minutes from a March 19-20 meeting of Federal Reserve policymakers showed they agreed to be patient about any changes to interest rate policy as they saw the U.S. economy weathering a global slowdown without a recession in the next few years.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Growth woes douse rally in Asian shares, dollar slipsAsian stocks stepped back from near eight-month highs on Thursday and the dollar...
Source: Reuters - 🏆 2. / 97 Read more »

Asian shares pause near eight-month high, dollar weakensAsian stocks held near eight-month highs on Thursday and the dollar slipped agai... AbdulRashid Hashmi Qureshi 03154671429
Source: Reuters - 🏆 2. / 97 Read more »

'The slowdown story is a complication' — Global stocks are down after central banks warn on growthAsian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asian stocks retreat from eight-month high as Trump opens new trade war frontAsian shares slipped from eight-month highs on Wednesday as the International Mo... Then, the EU could allow a softer Brexit...
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street falls as trade, global growth concerns resurfaceU.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on E... It should be collapsing because Trump is aiming to undermine the USD as the world's reserve currency.
Source: Reuters - 🏆 2. / 97 Read more »

G20 must tackle root causes of trade tensions that threaten growth: EUThe European Union will tell a meeting of finance leaders from the world's ... Nothing changes!!! Recession with 🐻 are coming!!! G20 must tackle it because our clueless EU masters are once again clueless. G20 must tackle root causes of biggest issue facing humanity, global growth being one of them. We need change. The current system ain’t working.
Source: Reuters - 🏆 2. / 97 Read more »