Asian shares open cautiously on tariff angst
[hfe_template id='11223']
[ad_1]
Asian shares traded in a tight range Friday after President Donald Trump’s threat to impose higher tariffs outweighed the sentiment from a stronger US jobs data. The MSCI Asia Pacific Index swung between small gains and losses at the open after US stocks closed at a record Thursday in a shortened session ahead of Friday’s Independence Day holiday. Trump said his administration may begin sending out letters to trading partners as soon as Friday, setting unilateral tariff rates, ahead of the July 9 deadline for negotiations. Treasuries fell and the dollar rose Thursday in a sign traders see less pressure on the Federal Reserve to cut interest rates after US jobs growth exceeded expectations in June. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. “The solid June jobs report confirms that the labor market remains resolute ...