Asian shares slide today
Publish Date : 2019/07/26 - 06:44

Asian share prices dropped on Friday as the result of mixed U.S. earnings reports and after the European Central Bank hold its interest rate steady and disappointed those investors who had expected an immediate easing; while the euro held above two-year lows.

Japan's Nikkei lost 0.58%.

Shanghai shares dropped 0.16%.

European stocks are seen almost flat, while German DAX futures were up 0.15% and FTSE futures down 0.13%.

Wall Street shares fell from record highs on Thursday, with the S&P 500 losing 0.53%, following a flurry of downbeat quarterly results from Ford Motor and other companies.

Uncertainties over whether Washington and Beijing will be able to settle gaping differences over trade, kept many investors on guard. Negotiators from the two sides will meet in Shanghai next week.

Investors expect the Federal Reserve to cut interest rates by 0.25 percentage point at its policy meeting ending on July 31 to protect the economy from potential damage from the protracted U.S.-China trade war.

Source: Reuters

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