End Times and Current Events

General Category => The Economic Collapse => Topic started by: Psalm 51:17 on June 13, 2012, 09:55:48 pm



Title: Global shares ease on weak U.S. data, wary before Italy debt sale
Post by: Psalm 51:17 on June 13, 2012, 09:55:48 pm
http://finance.yahoo.com/news/global-shares-ease-weak-u-003755589.html?l=1

6/13/12

By Chikako Mogi

TOKYO (Reuters) - Asian shares eased on Thursday as weak U.S. retail sales raised concerns about sluggish economic growth, while an Italian debt auction later will test market confidence in whether it can avoid becoming the next victim in the euro zone crisis.

MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> edged down 0.2 percent while Japan's Nikkei average (.N225) opened down 0.7 percent. (.T)

European shares and Wall Street ended lower on Wednesday, while the dollar fell after data showed U.S. retail sales hit their worst level in two years in May. Safe haven gold rose.

The report could fuel speculation the Federal Reserve may take further stimulus measures at its policy meeting next week to support the U.S. economy, after a weak May jobs report added to fears about the euro zone and sparked a broad market sell-off earlier this month.

The euro was steady around $1.2573, caught in the middle of recent highs and lows - well above the near two-year low touched on June 1 at $1.2288, but below a three-week high reached on Monday at $1.2672.

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