Asian shares rattled by trump policy worries, dollar soft _ daily mail online

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TOKYO, Jan 31 (Reuters) – Asian shares slipped on Tuesday as stringent curbs on travel to the United States ordered by President Donald Trump brought home to investors that he is serious about carrying out his controversial campaign pledges.

Global stocks posted their biggest loss in six weeks on Monday after Trump signed an executive order to bar Syrian refugees indefinitely and suspend travel to the United States from seven Muslim-majority countries, sparking widespread protests.

European bourse are expected to remain fragile after big losses on Monday, with spread-betters seeing opening losses of as much as 0.1 percent in major indexes, including Britain’s FTSE, Germany’s DAX and France’s CAC.

“Investors are becoming worried as it appears as if he was setting fire to geopolitical risks that already exist,” said Yoshinori Shigemi, global market strategist at JPMorgan Asset Management.


Trump’s move drew criticism from some U.S. Funny quotes about work stress policymakers, and business leaders, with technology companies, which depend on talent from around the world, planning to discuss a legal challenge.

“His stance is really inward-looking, making investors nervous about his ‘moderateness’,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.

On Monday, the U.S. Goldman sachs gold forecast 2016 S&P 500 Index fell 0.6 percent, its biggest fall in a month, though it remained well above levels seen before the Nov. Funny jokes in urdu 8 presidential election.

MSCI’s ex-Japan Asian shares index was up 5.7 percent this month while its index of world markets was up 2.5 percent. Convert 3000 euros to us dollars They were also higher than their levels before the U.S. Binary counters elections.

In the currency market, the dollar was broadly weak and fell 0.3 percent against the yen to 113.49 yen. Python tutorial pdf It was down 3.1 percent so far this month, after three straight months of sizable gains.

The Japanese currency showed no reaction after the Bank of Japan kept its policy on hold, as expected. Coffee futures market news A string of recent data has suggested the economy is slowly regaining traction.

Conservative leader Francois Fillon, seen as the front-runner, is now battling to contain a scandal over allegedly unlawful payments to his wife while the Socialists on Sunday picked a hard-left candidate, possibly helping popular far-right leader Marine Le Pen.

Italian assets have also been hit by worries over its banking sector after UniCredit, the country’s biggest bank, revealed on Monday it expects to book a net loss of around 11.8 billion euros ($12.6 billion) for 2016 and fall short of European Central Bank capital requirements.

News that Germany posted a national inflation rate of 1.9 percent stoked talk of an unwinding of monetary stimulus by the ECB, even though the inflation outcome was below expectations.

Elevated uncertainty about Trump’s policies, including a lack of detail so far on his plans for tax cuts and fiscal spending, offset optimism on the U.S. Usa today high school football rankings 2016 economy.

“We’ve seen a jump in U.S. 500 usd economic sentiment after Trump’s victory. Euro vs usd exchange rate But the improvement in hard economic data remains moderate,” said Haruka Kazama, senior economist at Mizuho Research Institute.

The Federal Reserve, which will start its two-day policy meeting on Tuesday, is widely expected to keep interest rates unchanged as it awaits greater clarity on Trump’s economic policies.

Brent crude futures, the international benchmark for oil prices, were trading at $55.14 per barrel, down 0.2 percent from Monday’s settlement price. Binary search (Reporting by Hideyuki Sano; Editing by Eric Meijer and Kim Coghill)

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