Tuesday, 6 June 2017

Japan's Nikkei slips on firmer yen, weaker Wall Street

The ECB may even discuss dropping some of its pledges to ramp up stimulus if needed, four people with direct knowledge of the discussions told Reuters last week.
The common currency was 0.1 percent higher at $1.127 on Tuesday.  Sterling advanced 0.2 percent to $1.293 on Tuesday.

Other polls in recent days have found bigger leads for the Conservatives of up to 11 and 12 points.

The weaker dollar lifted gold, with spot gold hitting a six-week high earlier on Tuesday and last trading up 0.4 percent at $1,284.74 an ounce.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.15 percent, pulling back from a two-year high hit on Monday.

Japan's Nikkei dropped 0.6 percent, tripped by a stronger yen. South Korean markets were closed for a holiday.  Australian shares tumbled 1.4 percent.

The Australian dollar pared earlier losses - made after the second-quarter current account deficit disappointed investors hoping for a surplus - to trade flat at $0.7489 after the Reserve Bank of Australia kept its benchmark rate at a record low 1.5 percent, as expected.

Chinese shares and Hong Kong shares bucked the trend, rising almost 0.1 percent and 0.35 percent respectively.

Overnight, Wall Street indexes slipped between 0.1 percent and 0.2 percent, with Apple Inc. leading losses on the Dow Jones Industrial Average.

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