GLOBAL MARKETS-Asia stocks sluggish, plenty of event risk ahead devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Asian shares got off to a sluggish start on Monday ahead of a week packed with geopolitical risk, Chinese economic data and earnings reports from major U.S. banks. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1% after losing 0.8% last week. Japan's Nikkei held steady near 34-year highs, having enjoyed stellar gains of 6.6% last week.
Asian shares got off to a
stumbling start on Monday as China s central bank wrong footed
markets by skipping on a rate cut, even as data due this week is
expected to show the economic recovery there.