Asian shares fall as bets off on sharp U.S. rate cuts

Business News July 8, 2019 / 12:54 PM / a few seconds ago Asian shares fall as bets off on sharp U.S. rate cuts Swati Pandey 5 Min Read SYDNEY (Reuters) - Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence. A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato

SYDNEY (Reuters) – Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence. Share sentiment was also dampened by U.S. investment bank Morgan Stanley’s decision to reduce its exposure to global equities due to […]

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