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Nov 23, 2011

Asian shares drift lower as growth fears hit miners

SINGAPORE, Nov 23 (Reuters) – Asian shares drifted
lower on Wednesday, weighed down by mining and technology stocks
after a downward revision of U.S. growth data raised new
concerns about the faltering global economy.

The euro crept up after the International Monetary Fund
beefed up its lending tools to help shield some smaller
countries from the euro zone debt crisis.

Nov 22, 2011

Asia shares fall after U.S. deficit deadlock

SINGAPORE (Reuters) – Asian shares edged down on Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors’ confidence in the outlook for Western economies.

The yen weakened as safe-haven demand for the Japanese currency slackened, but the dollar held on to gains and equity volumes were thin, indicating that risk aversion remained high.

Nov 22, 2011

Asian shares fall on U.S., European debt fears

SINGAPORE (Reuters) – Asian shares fell on Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors’ confidence in riskier assets.

The failure on Monday of a “super committee” of U.S. lawmakers to reach agreement on a deficit cutting plan was another blow to market confidence hammered for weeks by Europe’s inexorably worsening sovereign debt crisis.

Nov 14, 2011

World stocks, euro rise on hopes of progress in Europe

SINGAPORE (Reuters) – Asian stocks rose on Monday and the euro edged up on hopes that new technocratic leaders in Italy and Greece will take decisive action to save their indebted nations from bankruptcy and fend off a wider financial meltdown in the euro zone.

Commodities rose, credit spreads tightened and safe haven government bond yields climbed, all suggesting improved risk appetite, but the renewed confidence faces a big test later on Monday, when Italy is scheduled to hold an auction of 5-year bonds.

Nov 14, 2011

Stocks, euro rise on hopes of progress in Europe

SINGAPORE (Reuters) – Asian stocks and the euro rose on Monday on hopes that new leaders in Italy and Greece will take decisive action to save their indebted nations from bankruptcy and fend off a wider financial meltdown in the euro zone.

Italy’s president appointed former European Commissioner Mario Monti on Sunday to head a new government, while in Greece Lucas Papademos, a former European Central Bank policymaker, has been sworn in as prime minister.

Nov 11, 2011

Asian shares edge up, on course for weekly loss

SINGAPORE (Reuters) – Asian shares rebounded modestly on Friday and the euro clung to tentative gains, after brighter corporate news lifted U.S. stocks and debt-ladened Italy was able to fund itself at a bond auction.

Credit spreads tightened and copper prices rose as investors’ appetite for riskier assets improved somewhat, but caution remained to the fore amid a European debt crisis that appeared no closer to resolution.

Nov 11, 2011

Asian shares stage modest rebound, euro steady

SINGAPORE (Reuters) – Asian shares rebounded modestly Friday and the euro clung to tentative gains, after brighter corporate news lifted U.S. stocks and debt-ladened Italy was able to fund itself at a bond auction.

But investors remained cautious amid a European debt crisis that appeared no closer to resolution, keeping a lid on equity gains and pushing other riskier assets such a commodities lower.

Nov 10, 2011

Asian shares drop as bond yields push Italy to the brink

SINGAPORE (Reuters) – Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone’s third biggest economy will overwhelm its financial defences, raising the risk of a break-up of the currency area.

The euro was steady, after suffering its biggest daily drop in 15 months on Wednesday, while industrial commodities such as copper and oil softened on worries of renewed recession. European shares were set to extend the previous day’s losses.

Nov 10, 2011

Asian stocks dive as bond yields push Italy to the brink

SINGAPORE (Reuters) – Asian stocks fell sharply on Thursday after soaring Italian borrowing costs stoked fears the debt crisis in the euro zone’s third biggest economy will overwhelm its financial defences, raising the risk of a break-up of the currency area.

The euro was steady, after suffering its biggest daily drop in 15 months on Wednesday, while industrial commodities such as copper and oil softened on worries of renewed recession.

Nov 10, 2011

Stocks dive as bond yields drive Italy to the brink

SINGAPORE (Reuters) – Asian stocks fell Thursday after soaring Italian borrowing costs stoked fears the euro zone’s third biggest economy will be forced to seek a bailout, overwhelming the bloc’s finances and raising the risk of a break-up of the currency area.

Italian 10-year bond yields rose above 7 percent on Wednesday, a level most market economists consider unsustainable for financing debt of more than 2 trillion euros ($2.7 trillion).

    • About Alex

      "I work on the Asia Desk in Singapore, editing general and political news stories from across the region. Before coming to Asia I was Reuters Northern Ireland correspondent."
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