Asian Shares Dip, Worries Over Growth And Trade Sour Mood

www.oann.com | 4/18/2016 | Staff
cyanbyte (Posted by) Level 3
TOKYO (Reuters) – Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-U.S. trade dispute.

Japan’s Nikkei dropped 0.7 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent.

Wall - Street - S - P - Nasdaq

On Wall Street, the S&P 500 , the Nasdaq and the Dow all posted their biggest one-day percentage drops since Jan. 3 on Tuesday. The S&P lost 1.42 percent.

Putting a dent on risky assets was a report by the Financial Times that the Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week.

White - House - Adviser - Larry - Kudlow

White House economic adviser Larry Kudlow denied the report, helping U.S. equities pare some losses though the fresh concerns about U.S.-China relations kept share prices in check.

Data published over the last 24 hours all pointed to a rough year ahead for the world economy.

US - Home - Sales - Percent - December

U.S. home sales tumbled 6.4 percent in December, falling short of the weakest forecast, to their lowest level in three years. Compared from a year ago, they were down more than 10 percent for the first time since 2011.

House price increases slowed sharply, adding to the evidences of a further loss of momentum in the housing market.

Factory - Sales - Trade - November - Germany

Canadian factory sales and wholesale trade both slumped more than expected in November, while in Germany survey by the ZEW research institute showed morale among German investors improved slightly in January, but their assessment of the economy’s current condition deteriorated to a four-year low.

Japan’s exports and imports also fell short of market expectations, with exports posting the biggest fall in more than...
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