Asian shares drop to three-week low

Asian shares slipped to three-week lows on Friday as the release of a whistleblower complaint against U.S. President Donald Trump added to worries about the global economy, already reeling from the China-U.S. trade war.

Asian shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.35%, having fallen 1.65% so far this week.
  • Japan’s Nikkei slid 1.30%.
  • U.S. S&P 500 futures fell 0.13% in Asian trading after the index dropped 0.24% on Thursday.
  • European shares are expected to fare slightly better, with pan-European Euro Stoxx 50 futures up 0.17%.
  • German DAX futures rising 0.12% and FTSE futures up 0.1%.

Currency

  • The euro stood at $1.0922 after earlier falling to $1.0904, the lowest since May 12, 2017.
  • The dollar traded at 107.67 yen, down slightly after climbing to 107.96 on Thursday.
  • Sterling traded at $1.2330, near two-week low of $1.2303 hit on Thursday.

Oil Prices

  • Brent crude futures fell 0.89% to $62.18 a barrel but stayed above Wednesday’s low of $61.23.
  • West Texas Intermediate (WTI) crude lost 0.57% to $56.08 per barrel, off their low of $55.41 on Thursday.

Source

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