Asia shares slip, but US and EU futures find a bid

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The Star 3h ago

Asia shares slip, but US and EU futures find a bid - The Star

Quick Summary:

SYDNEY: Asian share markets slipped on Monday as worries about U.S.and Chinese growth weighed on sentiment, though U.S.and European stock futures did manage a bounce while bond yields came off their lows.

Japan's Nikkei bore the brunt of the early selling as tech stocks declined, losing another 0.8% on top of a near 6% slide last week.

"Our read of the data is that the labour market continues to cool, but we see no sign of the kind of rapid deterioration in conditions that would call for a 50bp rate cut," Barclays economist Christian Keller said.