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 Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors' worries over slowing global growth.
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Once a beacon of stability, the U.S. has become a source of tumult. Markets now give global central bankers a clearer read on the economy.
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ATGE earnings call for the period ending June 30, 2019.
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The Fed can fairly be said to be cutting interest rates because of Donald Trump. But the move has little to do with the unprecedented and buffoonish levels of political pressure this president is placing on the U.S. central bank, whose functioning is key to domestic and global economic stability.
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 * U.S. factory sector contracts for first time in a decade
-IHS
Markit
(Updates to U.S. market close, adds comment)
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* Yuan at new 11-1/2 yr low; offshore yuan weaken past 7.1
per USD
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The U.S. Federal
Aviation Administration said on Thursday it would invite Boeing
737 MAX pilots from across the world to participate in simulator
tests as part of the process to recertify the aircraft for
flight following two fatal crashes.
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Asian shares struggled to make any headway on Friday as weak U.S. manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates added to the general air of caution in markets buffeted by global growth fears.
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2019-08-22 0001637655-19-000148 8 KB
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