Asian stocks slide ahead of ECB meeting, US inflation data
MSCI’s broadest index of Asia-Pacific shares eases 0.1 percent, while Japan’s Nikkei 225 drops 0.6 percent. Asian shares slipped on Monday ahead of a week thronging with central bank meetings and US inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections. A Le Pen victory would be a similar jolt as Britain’s Brexit vote to leave the European Union (EU). The result was close enough to leave the euro just a tick firmer at $1.0888, after an initial jump to $1.0950. The mood in equity markets was cautious, with MSCI’s broadest index of Asia-Pacific shares outside Japan easing 0.1 percent. Japan’s Nikkei 225 dropped 0.6 percent, having shed 2.6 percent last week. S&P 500 stock futures ESc1 and Nasdaq futures NQc1 both dipped 0.2 percent in early trade. Earnings season kicks off this week with JP Morgan, Wells Fargo, Citi, Goldman Sachs and Morgan Stanley all due to report. Wall Street, so far, has fared surp...