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Asia Stocks Mute; Brent Loses Ground

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Asia Stocks Mute; Brent Loses Ground

July 08
14:11 2014

shares asia.jpg1 Tokyo, Tuesday, July 8 – Asia shares were muted today as US market turned watchful prior to the corporate reporting period. In a slight deal, MSCI’s largest gauge of Asia-Pacific shares away from Japan was down just to some extent only.

For a short time, 3-yr crest of 502.00 was tapped by it. On the other hand, being unsuccessful to maintain six-month peak of the earlier week, Nikkei of Japan plummeted by 0.5 %. Reports from US market wasn’t something to cheer as Standard & Poor’s 500 skid 0.4 %, the NASDAQ Composite Index dropped 0.8 %.

Story of fall did not end up till here as the Dow Jones Industrial Average too shed 0.3 % on the first working day of this week. Being slightly lower of a one and a half week crest of 80.359, the dollar indicator changed hands at 80.228. Above and beyond, this lent a hand to the euro come back on top of $1.3600, pulling through from a trough of $1.3576 struck as soon as Germany posted an amazingly sharp 1.8 % plunge in factory production.

In addition to this, having stayed to a comparatively firm range of $1,305.90 and $1,332.10 for the last couple of weeks, the yellow metal was stable at $1,317.60 per ounce. More to the point, loss was seen in the oil market as 10 cents were shed by US oil to topple and tap at $103.43 per barrel, while Brent lost its footing by 16 cents to arrive at $110.08 per barrel.

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