Asian markets mostly retreated on Thursday following another set of below-forecast US data, with Tokyo taking the biggest hit as the yen advanced against the dollar.However, the euro added to recent gains after data showing the eurozone economy picking up trumped worries about Greece's ongoing debt reform talks.
Tokyo slipped 0.55 per cent by the break and Sydney fell 0.75 per cent while Hong Kong was 0.10 per cent lower and Shanghai shed 0.56 per cent, but Seoul was up 0.18 per cent.
US traders were left disappointed Wednesday after the Commerce Department said retail sales, a key part of consumer spending that drives most of the US economy, stagnated in April after rising 1.1 per cent in March. The average consensus estimate was for a 0.2 per cent increase.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment