.

Thursday, August 1, 2019

Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts.


Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4%, extending losses for a fifth day to the lowest since mid-June.

For more information on Equity Market News Call us ✆ – 0731-6642300 or Visit http://www.epicresearch.co

Connect with our social media sites

No comments:

Post a Comment