Asian stocks swing between losses and gains as traders await Chinese data
China trade and lending data and ongoing Sino-US trade tensions counter optimism of a Federal Reserve rate cut
12 July 2019 - 08:02
Shanghai — Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-US trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut in July.
Later on Friday, China will release June trade data, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation...
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