Asia stocks restrained as US futures retreat

SYDNEY : 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.

Markets have taken some comfort from U.S. President Joe Biden's comment that he was considering easing sanctions on China, and from Beijing's ongoing promises of stimulus. "Our 2Q global growth forecast stands at just 0.6 per cent annualised rate, easily the weakest quarter since the global financial crisis outside of 2020."

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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

General Atlantic plans US$2 billion investment in India, Southeast AsiaDAVOS, Switzerland: Global private equity firm General Atlantic plans to plough US$2 billion into India and Southeast Asia over the next two years after falling valuations made the region\u0027s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with a
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Asia stocks weighed by inflation concerns, China tech sellingHONG KONG : Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »