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.

📆 2019/07/17 13:46:00
📰 SABC News Online

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

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

South Africans are negative - Baxter - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Bafana Bafana coach Stuart Baxter says South Africans are negative about their national team. He was speaking at the arrival of the national team from African Cup of Nations in Egypt on Saturday.
Source: SABC News Online - 🏆 32. / 51 Read more »