Asian share markets slipped on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.
Nasdaq futures and S&P 500 futures were both down 0.2%. EUROSTOXX 50 futures fell 0.4% and FTSE futures 0.6%.
It also wiped out a week of gains for the dollar, sending it back to 92.517 against a basket of currencies from a near five-month top of 93.195. Kim Mundy, a senior currency strategist at CBA, argued the dollar could rally this week if minutes of the Federal Reserve's last policy meeting confirm a hawkish shift on tapering."We expect the FOMC to announce it will taper its monthly asset purchases in September if the August payrolls is strong," said Mundy.
In Asia, the Malaysian ringgit fell to a one-year low on reports the country's Prime Minister was about to resign.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China cbank offers more medium-term loan than expected to cushion economic slowdownChina's central bank injected billions of yuan through medium-term loans into the financial system on Monday, which many market participants interpreted as an effort to prop up the economy, although the cost of such borrowing was left unchanged.
Weiterlesen »
Thousands Of Fake Vaccine Cards Seized On Way To New Orleans From China: FedsBuying, selling or using a counterfeit COVID-19 vaccination card that features an official government agency seal can result in a fine and up to five years in prison.
Weiterlesen »
Beijing shoves Canada's China problem into the path of Trudeau's reelection questChinese courts just dropped a pair of global headline-grabbing decisions that bring the bad blood in the Canada-China relationship to the center of the 2021 federal election campaign
Weiterlesen »
SoftBank pauses China investing as crackdown roils portfolioSoftBank Group Corp (9984.T) will pause its investing in China as it waits for regulatory action against the country's tech firms to play out, Chief Executive Masayoshi Son said on Tuesday.
Weiterlesen »
Cathie Wood's China strategy, plus chart-driven trading tipsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »