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Global Markets: Asian shares inch higher; euro tries to shake off Italian political risk

Reuters  |  SINGAPORE 

By Masayuki KitanoSINGAPORE (Reuters) - Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier.The common currency slumped on Wednesday following a report that Italian populist parties trying to form a coalition government could ask the European Central Bank to forgive 250 billion euros of Italian debt. In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, while Japan's Nikkei gained 0.7 percent.The gains in Asian shares came after U.S. equities advanced on Wednesday, led by retail and ...

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First Published: Thu, May 17 2018. 09:43 IST