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Tuesday May 07, 2024

Asian shares slip

TOKYO: Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to 8-month highs on rising conviction that the Federal Reserve will raise interest rates next month. The mood was expected to carry over into European trading.

By our correspondents
November 25, 2015
TOKYO: Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to 8-month highs on rising conviction that the Federal Reserve will raise interest rates next month.
The mood was expected to carry over into European trading. Financial spreadbetters predicted Britain's FTSE 100 would open down by as much as 0.4 percent, Germany's DAX would fall as much as 0.4 percent, and France's CAC 40 .FCHI was seen dropping 0.5 percent.
The MSCI's broadest index of Asia-Pacific shares outside Japan wavered in and out of the positive territory, and was last down 0.2 percent.