Asia shares slip as U.S. earnings disappoint, dollar gains

Asia shares slip as U.S. earnings disappoint, dollar gains
 

Asian shares hit three-week lows on Wednesday after a dour start to Wall Street's earnings season knocked U.S. stocks, while the dollar and Treasury yields were at multi-month highs on growing expectations of a U.S. interest rate hike in December.
The British pound jumped back from lows in a volatile trading session, though concerns about a damaging "hard Brexit" are likely to keep the currency under pressure.
European shares were expected to be steady to slightly higher, with spread-betters looking for a rise of 0.2 percent in Germany's DAX, a 0.1 percent gain in France's CAC and... read more

 
12 October 2016 in World News, Views: 35
Source: Reuters
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