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Asian shares dip; euro weighed by sagging German business morale


Thursday, 25 April 2019 08:23 WIB

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Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

The euro slumped to a 22-month low against the U.S. dollar overnight after the drop in German business confidence highlighted the divergence between data in the euro zone and the United States.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent, while Japan's Nikkei average edged up 0.3 percent to 22,264.81 points.

Overnight, Wall Street shrugged off some earnings misses but drifted lower at the end of the session, after the S&P 500 and the Nasdaq Composite registered record closing highs on Tuesday.

Source : Reuters


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