NewsFeeder
12-21-2017, 02:06 AM
Asia stocks subdued as U.S. tax cuts slug bonds
Asian markets offered a muted reception on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.06 percent in thin trade, while the Nikkei (.N225) eased 0.1 percent. Spreadbetters suggested European bourses would open a shade firmer while E-minis for the S&P 500 (ESc1) were flat.
https://finance.yahoo.com/news/asia-stocks-subdued-u-tax-004457372.html?.tsrc=rss
Asian markets offered a muted reception on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.06 percent in thin trade, while the Nikkei (.N225) eased 0.1 percent. Spreadbetters suggested European bourses would open a shade firmer while E-minis for the S&P 500 (ESc1) were flat.
https://finance.yahoo.com/news/asia-stocks-subdued-u-tax-004457372.html?.tsrc=rss