Asia shares sluggish as global growth concerns return GlobeInvestor
Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent in early trade. It was not far from its five-month high marked last week and was up 10.4 per cent year-to-date.
Other U.S. data on Wednesday suggested some slowing in the labour market, though the pace of job gains remains more than enough to drive the unemployment rate down. Also weighing on investor sentiment were broader concerns about growth after the Organization for Economic Co-Operation and Development cut forecasts again for the global economy in 2019 and 2020.“Chinese macroeconomic data remains weak at the moment but I expect them to improve by the middle of the year,” said Okasan’s Maeno.
The loans, known more formally as Targeted Long-Term Refinancing Operations , are expected to boost troubled euro zone lenders.
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