Asia stocks slip on U.S. worries
HONG KONG, July 30 (Reuters) - Asian stocks sagged as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason book profits from a steady rally this month.
"For all the risk on/off talk, I would suggest that risk is never off, rather it becomes more selective," said Geoff Howie, Sales and Markets Strategist, MF Global Markets in Singapore.
NEW YORK, July 29 (Reuters) - Global stocks fell on Thursday as tech companies' weak outlooks fueled recovery concerns, although the euro rose to a 12-week high against the dollar on better-than-expected European economic data.
"There is still a lack of confidence in the sustainability of economic growth and the sustainability of the earnings stream being extended into 2011," said Heino Ruland, strategist at Ruland Research in Frankfurt.
Earnings boost stocks, dollar slips to 3-mth low
LONDON, July 29 (Reuters) - Robust quarterly earnings from Europe drove world stocks higher, while the dollar hit a three-month low on the back of weak U.S. data and a downbeat assessment of the economy from the Federal Reserve.
"Second-quarter results are better than expected and it supports the market, but the rise is capped by the rather poor macro data," said Emmanuel Morano, head of equity management at fund management firm UFG-LFP in Paris.
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