Asia Markets: struggle for gains despite strong US earnings
Asia Pacific shares gave up early gains on Thursday despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote. Worries over China likely weighed on market sentiment.
- MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) up a slight 0.2 percent
- Japan’s Nikkei (N225) was almost flat.
- S&P 500 (ESc1) drifted down 0.26 percent.
- China’s blue chip index (CSI300) recouped early losses to gain 0.4 percent.
- The U.S. dollar was otherwise mixed, easing a touch on the yen to 108.98.
- Euro traded at $1.1386 (EUR=).
- The dollar index was up a fraction at 96.162 (DXY).
- Spot gold was little changed at $1,294.91 per ounce.
- U.S. crude futures (CLc1) fell 30 cents to $52.01 per barrel.
- Brent slipped 28 cents to $61.04.