Epic Asian Markets Update
Posted: Sun Jun 24, 2012 9:49 pm
Asian shares fell on Monday and the safe-haven dollar rose as concerns about faltering global growth and Europe’s intractable debt crisis continued to sap investor confidence, but commodities steadied after a pummelling last week.
The euro also fell, despite moves late last week to ease funding strains on the euro zone banking system, as markets remained unconvinced that a European Union summit on June 28-29 will make substantial progress towards resolving the crisis.
The euro also fell, despite moves late last week to ease funding strains on the euro zone banking system, as markets remained unconvinced that a European Union summit on June 28-29 will make substantial progress towards resolving the crisis.