Asian shares stall, sterling falters amid Brexit, growth anxiety

Asian shares trod water on Friday as investors awaited key central bank policy meetings next week amid signs of slowing global growth, while sterling extended its slide on a fresh bout of Brexit anxiety.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) was up just 0.05%.
  • Europe looked set to be similarly directionless, with pan-region Euro Stoxx 50 futures (STXEc1) up 0.06% at 3,613.
  • German DAX futures (FDXc1) down 0.03% at 12,864.5.
  • FTSE futures (FFIc1) up 0.11% at 7,312 in early trade.
  • Chinese blue-chips (CSI300) were up by 0.56%.
  • Hong Kong’s Hang Seng (HSI) fell 0.28%.
  • Japan’s Nikkei (N225) finished up 0.22%.
  • Australian share market (AXJO) managed a 0.68% rise.

Currency Markets

  • The British pound, which fell 0.51% on Thursday after British Prime Minister Boris Johnson’s call for a general election on Dec. 12, extended its slide, edging down to $1.2845.
  • The dollar was slightly higher against the yen at 108.66 and the euro (EUR=) was unchanged on the day at $1.1104.
  • The dollar index (DXY), which tracks the greenback against a basket of six major rivals, nudged 0.04% higher to 97.669.

Oil Prices

  • West Texas Intermediate (WTI) crude (CLc1) was down 0.60% to $55.89 a barrel.
  • Brent crude (LCOc1) dipped 0.55% to $61.33 per barrel.

Source: Investing,com

 

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