Asia stocks restrained as U.S. futures retreat

Published by
Reuters UK

By Wayne Cole SYDNEY (Reuters) – Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB. After ending Monday firmer, Nasdaq futures lost 1.3% with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble 28%. Snap is the first of the major tech apps to report and could cast a shadow over Facebook owner Meta Platforms and Twitter which report next week. S&P 500 futures also lost 0.6%, surrendering…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street