Asia shares slip on Brexit snag, Texas Instruments’ revenue woes

U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.

Asian Shares

  • European shares are expected to fall, with pan-European Euro Stoxx 50 futures (STXEc1) trading down 0.72%, German DAX futures (FDXc1) losing 0.79% and FTSE futures (FFIc1) off 0.23%.
  • S&P500 mini futures (ESc1) dropped 0.2%.
  • Japan’s Nikkei (N225) was up 0.1% after falling as much as 0.4%.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.6%.

Currency Markets

  • Sterling dipped 0.15% to $1.285.
  • The yen ticked up 0.15% to 108.31 yen per dollar , in a slow recovery since hitting a 2-1/2-month low of 108.94 on Thursday.
  • Receding worries about a no-deal Brexit also underpinned the euro, which stood at $1.1122 (EUR=), flat on the day and a tad below Monday’s two-month high of $1.1180.

Oil Prices

  • Brent crude (LCOc1) futures fell 0.52% to $59.39 a barrel.
  • U.S. West Texas Intermediate (WTI) crude (CLc1) lost 0.81% to $54.04 per barrel.

Source: Investing.com

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