Asia shares slip, dollar gains as sterling slides | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 7/17/2019 11:46 AM
📰 SABC News Online

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Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust US retail data and a Brexit-driven dive in the pound.

[File Image] Japan's Nikkei eased 0.3% and South Korea 0.8%. E-Mini futures for the S&P 500 were flat

Yet, it barely budged market wagers on a Federal Reserve rate cut this month, with Chicago Fed President Charles Evans touting 50 basis points of easing.“We do not expect these solid results to impact the Fed’s decision to cut rates at the end of the month,” said Michelle Girard, chief US economist at NatWest Markets.

JPMorgan Chase & Co and Wells Fargo & Cobeat quarterly profit estimates but reported weaker net interest income. Bank of America and Netflix report on Wednesday.

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