Asian shares slide as ECB holds off easing, earnings mixed

U.S. stock futures ESc1 rose 0.23% in Asia.

Uncertainties over whether Washington and Beijing will be able to settle gaping differences over trade, technology and even geopolitical ambitions, kept many investors on guard. Negotiators from the two sides will meet in Shanghai next week. “An interest rate cut of 10 basis points in September looks like a done deal now,” said Hideki Kishida, fixed income strategist at Nomura Securities.

“If there are signs of easing tensions, we could see temporary rise in European bond yields,” Nomura’s Kishida said.

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Asian shares slip on mixed U.S. earnings, ECB rate holdAsian share prices dropped on Friday following mixed U.S. earnings reports and a...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

What to watch today: Busy earnings day, ECB policy decision, and House votes on budget billU.S. stock futures were pointing to a slightly higher open on Wall Street this morning, following record closes for the S&P 500 and Nasdaq.
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