The Traderszone Network

Published in TZ Latest News 29 March, 2015 by The TZ Newswire Staff

Asia shares sluggish, oil drifts lower

Asian markets got off to a sluggish start on Monday in a week book ended with Easter holidays across the globe and a U.S. jobs report that could impact the timing of the first hike in interest rates there. MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.2 percent. Australia’s main index lost 0.8 percent amid weakness in commodity prices. Federal Reserve Chair Janet Yellen on Friday reaffirmed that rates would likely start rising later this year but emphasized the pace of tightening would be gradual and data dependent.