Asian shares slip to six-week low, pound pressured by hard Brexit fears
TOKYO - Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS pared losses to trade down 0.5% but earlier fell to the lowest since June 19, while Japan's NikkeiIn early European trade, the pan-region Euro Stoxx 50 futures STXEc1 rose 0.1%, German DAX futures FDXc1 were up 0.1% and Britain’s FTSE futures FFIc1 were little changed.losing 0.26%, after Trump warned China against waiting out his current presidential term before finalizing a trade deal.
“U.S.-China trade talks have just started after a long hiatus. I don’t think expectations are that high.” U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that cemented expectations of Fed rate cuts.
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