Tuesday 11 July 2017

Asian shares shrug off Trump controversy, look to Yellen

TOKYO (Reuters) - Asian shares steadied on Wednesday after Wall Street managed to weather a fresh twist in the political controversy surrounding U.S. President Donald Trump's administration, while investors looked ahead to Federal Reserve Chair Janet Yellen's comments later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> ticked up 0.1 percent while Japan's Nikkei <.N225> slid 0.3 percent. "Yellen's testimony is the biggest focus. I don't expect shares to move much in either direction ahead of that," said Hirokazu Kabeya, chief global strategist at Daiwa Securities. Financial Astrology Tips

U.S. stocks took a brief tumble after emailsdisclosed Trump's eldest son cited Russian support for his father's 2016 election campaign. By the closing bell, Wall Street shares had clawed back their losses in part as the Senate announced a two-week delay to its August recess to allow more time to tackle a measure that would repeal key parts of Obamacare, as well as pursue other legislative priorities. Still, it remained unclear whether U.S. Senate Republicans have the votes to pass the measure or even what form it would finally take. Astrology and Numerology Trading Tips

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