Wednesday 5 July 2017

Asia shares shaky, oil recovers after slump on OPEC export rise

SINGAPORE (Reuters) - Asian shares were tentative on Thursday after minutes from the Federal Reserve's last meeting showed a lack of consensus on the future pace of interest rate increases, while oil prices inched higher following the previous day's steep declines. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was little changed early on Thursday. Japan's Nikkei <.N225> slipped 0.15 percent. South Korea's KOSPI <.KS11> was flat, while Australian shares <.AXJO> dropped 0.15 percent. In Asia, trading over the past few days has been buffeted by tensions in the Korean peninsula after North Korea fired a missile into Japanese waters. Financial Astrology Tips

On Wednesday, U.S. crude tumbled by as much as 5.4 percent, snapping an eight day winning streak, the longest rally in over five years, as rising OPEC exports and a stronger dollar turned sentiment more bearish. U.S. crude was up 1 percent at $45.59 a barrel early on Thursday. Overnight on Wall Street, the Nasdaq <.IXIC> closed up 0.7 percent as technology shares recovered, the S&P 500 <.SPX> was up 0.15 percent and the Dow Jones Industrial Average <.DJI> was flat. Fed policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the central bank's June 13-14 policy meeting released on Wednesday. Astrology and Numerology Trading Tips

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