Asian shares battle in cautious trade
Equities struggle as investors prepare for key events later in the week, including the start of the US earnings season and a crucial Brexit summit
Tokyo — Asian shares struggled to make gains on Tuesday as investors braced for key events later in the week, including the start of the US earnings season and a crucial Brexit summit, while broader concerns about slowing global growth checked sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was basically flat after brushing its highest since late August last year during the previous session. Japan’s Nikkei dipped 0.15%, while Australian shares and Chinese blue chips held steady. E-mini futures for the S&P 500 lost 0.15%. Wall Street shares delivered a mixed performance on Monday, with the Dow Jones Industrial Average losing 0.3% while the S&P 500 added 0.1%. Concerns over slowing US earnings have undermined US equities in recent sessions, though a strong jobs report last week helped to soothe frayed nerves. The S&P 500, however, moved on its own momentum for its eight consecutive sessions of gains and the longest winning streak since October 2017, as rallying c...
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