Asian shares inch higher ahead of ECB rate decision
Nikkei hits nearly three-month high, while Australian shares hover near a 12-year peak
25 July 2019 - 08:11
Sydney/Shanghai — Asian shares rose but struck a more cautious note than a tech-fuelled rally on Wall Street, while the euro stayed near two-month lows as soft economic data fuelled hopes the European Central Bank (ECB) could cut rates at its meeting on Thursday.
Japan’s Nikkei touched nearly three-month highs before trimming gains to be up 0.33%. Australian shares neared a 12-year peak, driven by expectations the ECB and the Federal Reserve will soon lower borrowing costs...
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