Friday, 20 January 2017

Asian stocks slip as caution reigns before Trump inauguration

Caution was the name of the game in financial markets on Friday ahead of US President-elect Donald Trump's inauguration later in the day, with Asian stocks and the dollar pulling back and US Treasury yields hovering near their highest close this year. Investors were also awaiting fourth-quarter and full-year GDP data from China at 0200 GMT, for clues on how much momentum the world's second-largest economy is carrying into 2017. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent, and looked set to end the week flat.

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