Asian shares found some footing on Friday after a turbulent week as China hinted...
SYDNEY - Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks.
In early European trades, Germany’s DAX futures added 0.7% as did futures for London’s FTSE and France’s CAC 40. They also downgraded estimates for 2020 earnings per share to $177 from $178 to account for the latest tariffs that will likely kick in on Sept.1. Such is the gloom that surprisingly strong U.S. retail sales came and went with no impact on the bond rally.
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