Asian shares start fourth quarter on front foot, sterling stumbles



Asian shares got the new quarter off to a firm start on Monday and European bourses were expected to follow, while sterling stumbled as Britain set a March deadline to start divorce proceedings from the European Union.
Risk sentiment had benefited on Friday from reports Deutsche Bank was negotiating a much smaller fine with the U.S. Department of Justice, though the Wall Street Journal reported on Sunday that the talks were still in flux.
Just a hint of a deal was enough to push MSCI's broadest index of Asia-Pacific shares outside Japan 0.8 percent higher. The index climbed 8.8 percent in... read more

 
3 October 2016 in World News, Views: 32
Source: Reuters
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