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  • Writer's picturefxmethods

GOOD MORNING ASIA


On Tuesday Asian Indices and U.S. stock futures fall target of pessimism about global growth . MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1% but was still within striking distance of a 7-week top touched the previous day. Nikkei slip 0.11%, U.S. stock futures,were down about 0.54%. U.S. markets were closed on Monday so trading was generally subdued overnight. However, equity prices in Europe and Latin America were hit after data showed a slowdown in growth in China, the world's second biggest economy.
The gloomy IMF forecasts, released on the eve of the World Economic Forum in Davos, Switzerland, highlighted the challenges facing policymakers as they tackle an array of actual or potential crises, from the U.S.-China trade war to Brexit.
In a sign of risk aversion, the Australian dollar , often used a liquid proxy for China investments, nudged down to $0.7152, putting it on track for a third straight sessions of losses.
Sterling traded cautiously as British Prime Minister Theresa May refused to rule out a no-deal Brexit. There are few signs she can break a deadlock with parliament after her Brexit deal was rejected last week.May offered to tweak her defeated deal by seeking further concessions from the European Union on a backup plan to avoid a hard border in Ireland. The pound fell initially as she spoke, then climbed to session highs. It was last at $1.2891.

The dollar held at 109.59 against the yen while the euro was near the floor of its recent trading range at $1.1370. Against a basket of currencies, the dollar was flat at 96.34.
International Brent crude oil futures were down 26 cents, or 0.41%, at $62.55. They closed down 0.1 percent on Monday.U.S. West Texas Intermediate (WTI) crude futures were at $53.95 per barrel, down 0.17%.
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