Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, taking cues from Wall Street where lackluster results from bellwether names Visa (V.N) and Amazon (AMZN.O) triggered a discretionary sell-off on Friday. Tokyo's Nikkei (.N225) shed 0.2 percent after hitting a six-month closing low on Friday. The euro, already under pressure from a range of factors including expectations of further easing by the European Central Bank and diverging interest rates seen favoring the U.S. over Europe, took another hit on Friday when Germany's Ifo business climate index painted a gloomy picture of the economy.
via Business News http://ift.tt/1ki5Avg
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