Asia stocks slip with US futures, euro holds gains

SYDNEY : Asian shares slipped on Tuesday as relief at a rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB.

Unfortunately, China's zero-COVID policy, with attendant lockdowns, has already done considerable economic damage. Early surveys of European and U.S. manufacturing purchasing managers for May due on Tuesday could show some slowing in what has been a resilient sector of the global economy. The hawkish message is likely to be driven home this week by a host of Fed speakers and minutes of the last policy meeting due on Wednesday.

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Asia stocks restrained as US futures retreatSYDNEY : Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB.After ending Monday firmer, Nasdaq futures lost 1.3 per cent with traders bl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »