Asian stocks slid more than 1 percent in thin volume on Thursday as investors trimmed positions with just three trading days to go before a deadline to lift the US debt ceiling, while the Australian dollar showed resilience in the face of global sovereign risks.
President Barack Obama's moves are clearly not acceptable to the opposition.
* Japan's Nikkei down 1.5 pct, Asia ex-Japan falls 1.0 pct
* Earnings outlook will be key amid debt crises
* Australian dollar stays near post-float high
* Is the Aussie dollar forming a base at $1.10?
European stock futures fell 1 percent in early trade, echoing losses in Asia and on Wall Street overnight.
The increasing possibility of a US credit rating downgrade -- with Washington still in a stalemate over government spending -- is weighing on equity markets globally, though there have been no signs of panic selling.
0 comments:
Post a Comment