Asia shares skittish, US and Europe futures edge higher – Dunya News
SYDNEY, (Reuters) – Asian shares struggled on Monday while U.S. and European stock futures edged higher on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels.
Helping nerves were reports First Citizens BancShares Inc (FCNCA.O) was in advanced talks to acquire Silicon Valley Bank (SIVB.O) from the Federal Deposit Insurance Corp.
S&P 500 futures firmed 0.3% and Nasdaq futures 0.4%. EUROSTOXX 50 futures rallied 1.1% and FTSE futures 0.7%.
Japan’s Nikkei (.N225) gained 0.4%, but South Korea (.KS11) lost 0.3%. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) also eased 0.3%, led by a 0.9% drop in Chinese blue chips (.CSI300).
Shares in Chinese search engine giant Baidu (9888.HK) fell more than 3% after it cancelled a planned livestreamed product launch open to media and the public related to its ChatGPT-like Ernie bot.
The mood remained jittery after shares…
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source: https://news.oneseocompany.com/2023/03/26/asia-shares-skittish-us-and-europe-futures-edge-higher-dunya-news_2023032642597.html
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