SINGAPORE : Asian share markets and U.S. futures fell on Friday, after U.S. stocks took a knock overnight, hurt by lingering concerns over the Federal Reserve's tightening and weaker-than-expected economic and earnings data.
"But there are pockets of optimism like China's more accommodating moves on monetary policy," he added. The moves extended to Chinese shares with the Hong Kong benchmark losing 0.24per cent after posting its best day in six months the day before and Chinese blue chips losing 0.5per cent also after gains the day before.
China's moves were"a very encouraging sign" but the Fed's actions could add near-term market volatility, he said. U.S. crude fell 2.44per cent to $83.46 per barrel on Friday morning and Brent crude lost 2.55per cent to $86.14. [O/R]
The quality of CNA journalists: « Oil dropped as OPEC+ struggled to meet its scheduled increases » So oil dropped today because Opec cannot produce enough 🤣😂😅 Seriously.. stick to forwarding us Reuters or NYT articles and do not write urself.
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