Stocks slip, dollar firm ahead of Jackson Hole conference

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets slipped for an eighth straight session on Wednesday, with investors nervous about the scale of problems in China’s property sector and bracing for a hawkish message from the Federal Reserve at this week’s Jackson Hole symposium. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, while Japan’s Nikkei fell by the same margin. The U.S. dollar lurked just below milestone highs on most major currencies and near a 20-year peak on the euro. Wall Street had steadied on Tuesday after two days of heavy losses, as soft U.S. dat…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.