Asian shares off to cautious start after G20, U.S. data
- 8 years ago
Asian stocks retreated on Monday after a weekend meeting of G20 policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of the Federal Reserve further raising rates before year-end.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.6 percent and appeared likely to post its second consecutive month of losses, with a 1.2 percent drop so far this month.
Japan's Nikkei failed to maintain early gains, falling 1.0 percent to post a monthly decline of 8.5 percent, the biggest since May 2012, while U.S. stock futures fell 0.6 percent in early Asian trade.
European shares are expected to follow Asia's lead, with spread betters looking to a fall of up to 0.5 percent each in Germany's DAX and France's CAC.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.6 percent and appeared likely to post its second consecutive month of losses, with a 1.2 percent drop so far this month.
Japan's Nikkei failed to maintain early gains, falling 1.0 percent to post a monthly decline of 8.5 percent, the biggest since May 2012, while U.S. stock futures fell 0.6 percent in early Asian trade.
European shares are expected to follow Asia's lead, with spread betters looking to a fall of up to 0.5 percent each in Germany's DAX and France's CAC.