Inflation, trade barriers and recession worry global economists financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Asian shares hesitant on China inflation data, US bank jitters reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Asian shares were on the defensive on Wednesday after data showed that China slipped into deflation in July, a negative sign for the world economic growth outlook although it could help dampen on inflationary forces globally. European futures were up across the board, with EUROSTOXX 50 futures rising 0.9% and FTSE futures 0.5%, after Italy said its new tax on banks would not amount to more than 0.1% of total assets, soothing nerves. In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2% higher, following a 1.2% tumble a day earlier.
Asian shares were on the
defensive on Wednesday after data showed that China slipped into
deflation in July, a negative sign for the world economic growth
outlook although it could help dampen on.