Asian shares slip, Basel ruling supports banks
SINGAPORE (Reuters) – Asian stocks drifted down on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, although financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules. Commodity prices mostly held steady, supported by data showing the U. S. economy continuing on a path of slow but steady recovery that propelled Wall Street stocks to a five-year high. Financial bookmakers called Europe’s main share indexes to open flat or slightly lower, while S&P 500 index futures traded in Asia eased 0. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply