The Traderszone Network

Published in TZ Latest News 10 July, 2014 by The TZ Newswire Staff

Asian shares track Wall St. lower, yen gains

Asian share markets slipped on Friday as troubles at a small Portuguese bank managed to wrongfoot investors already made anxious by the U.S. earnings season and a spate of disappointing economic data globally. Japan’s Nikkei fell 0.7 percent, while Australia eased 0.4 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Analysts emphasised that the woes of one Portuguese bank were no threat to the sovereign’s rating and rather the news served as an excuse to book profits on what has been a long rally in European stocks and bonds.