Asian shares struggled for traction on Monday after U.S. employment data raised ...
TOKYO - Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.
“Trading volume is surging while foreign investors have been selling late last week,” said Naoki Tashiro, president of TS China Research, adding that suggests buying by retail investors is driving Chinese shares.Wall Street’s main indexes posted their biggest weekly decline since the market tumbled at the end of 2018 last week, falling for the fifth consecutive day on Friday on the shocking payrolls data.
Retail sales figures for January’s due at 1230 GMT is a key focus given its December reading was surprisingly weak. New bank loans in China fell a bit more than expected in February from a record the previous month, while money supply growth also missed forecasts.
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