Asian shares dip; euro weighed by sagging German business morale

TOKYO: Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

In the currency market, the dollar index, which measures the greenback versus a basket of six major rivals, rose to as high as 98.189 overnight, its highest level since May 2017. The index was last quoted at 98.133. U.S. Treasury yields fell across maturities on Wednesday as investors piled into the safe-haven asset after a slew of weak international economic data.

Oil prices hovered below six-month highs after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

United States United States Latest News, United States United States Headlines

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

Asian stocks inch up but China falters; oil at 2019 highsAsian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian markets cautious ahead of major corporate earningsStocks were generally lower in Asian trade on Tuesday as investors move cautiously ahead of a deluge of corporate results later in the week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore still among top 5 most expensive Asian cities for business travellersA recent report by ECA International showed that the cost of living for business travellers in Singapore is cheaper than in Hong Kong. Average cost of
Source: IndependentSG - 🏆 2. / 72 Read more »

German market regulator lifts short sale ban on Wirecard[FRANKFURT] Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »