Asian Shares Tick Up, US Data, Earnings In Focus Ahead Of Fed.

Asian Shares Tick Up, US Data, Earnings In Focus Ahead Of Fed.

Tuesday, July 16, 2019
Asian shares inched up on Tuesday as traders awaited US retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely US rate cut by the end of the month.

Investors were relieved by encouraging Chinese economic data on the previous day, though broad pressure across global business and investment from Sino-US trade frictions and slowing world growth reinforced expectations of policy easing by major central banks.

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