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Sep 14, 2011

Asia stocks fall as euro crisis saps confidence

SINGAPORE, Sept 14 (Reuters) – Asian stocks and the euro
slipped on Wednesday as investors remained unconvinced that euro
zone leaders have a coherent plan to tackle the bloc’s sovereign
debt problems, which many fear could trigger a new banking
crisis.

Global markets have been roiled since the end of July by the
twin fears of renewed recession in the United States and
Europe’s protracted debt woes, which have seen Greece, Ireland
and Portugal forced to take bailouts and piled bond market
pressure on Italy and Spain.

Sep 13, 2011

World stocks, euro recover after slide; outlook

SINGAPORE (Reuters) – Asian stocks steadied and the euro held above a seven-month low on Tuesday, after a report that Italy may get financial support from China sparked a bout of short-covering but did nothing to ease fears that Europe is sliding into another banking crisis.

Growing expectations of a Greek debt default, sharp drops in European shares — especially French banks due to their sovereign exposure — and a surge in Italian bond yields meant sentiment remained fragile and any rally was likely to be short lived.

Sep 13, 2011

Asian stocks, euro recover after slide; outlook wary

HONG KONG/SINGAPORE (Reuters) – Asian stocks steadied and the euro held above a seven-month low on Tuesday, after a report that Italy may get financial support from China sparked a bout of short-covering but did nothing to ease fears that Europe is sliding into another banking crisis.

Growing expectations of a Greek debt default, sharp drops in European shares — especially French banks due to their sovereign exposure — and a surge in Italian bond yields meant sentiment remained fragile and any rally was likely to be short lived.

Sep 13, 2011

Stocks, euro recover after slide; outlook wary

HONG KONG/SINGAPORE, Sept 13 (Reuters) – Asian stocks
steadied and the euro held above a seven-month low on Tuesday,
after a report that Italy may get financial support from China
sparked a bout of short-covering but did nothing to ease fears
that Europe is sliding into another banking crisis.

Growing expectations of a Greek debt default, sharp drops in
European shares — especially French banks due to their
sovereign exposure — and a surge in Italian bond yields meant
sentiment remained fragile and any rally was likely to be short
lived.

Sep 12, 2011

Asian stock fall, dollar firm on Europe woes

SINGAPORE (Reuters) – Asian stocks fell and the euro remained under pressure on Monday after the resignation of a top German European Central Bank board member cast further doubt on Europe’s ability to tackle its worsening sovereign debt crisis.

Oil prices slipped and the dollar gained broadly as the worries about euro zone’s woes combined with fears about flagging world growth to ensure no let up in the gloom that has gripped global markets for much of the past six weeks.

Sep 9, 2011

Asia stocks inch up after China CPI

HONG KONG/SINGAPORE, Sept 9 (Reuters) – Asian stocks edged
up on Friday as Chinese consumer price data soothed fears over
inflationary pressures building in the world’s No.2 economy, but
the mood was cautious after Western central banks failed to
offer any fresh stimulus plans to revive their sputtering
economies.

The dollar eased against a basket of currencies and U.S.
Treasuries slipped as markets reacted coolly to a $447 billion
jobs package plan from U.S. President Barack Obama, who faces a
fierce battle to win over Republicans which could revive fears
of political paralysis in Washington.

Sep 8, 2011

Asian stocks run out of steam, euro vulnerable

SINGAPORE (Reuters) – A rebound in Asian stocks ran out of steam on Thursday, as worries over the widening impact of the euro zone crisis and the faltering U.S. economy gnawed at investor confidence.

The euro edged down, and remained vulnerable to concerns that European efforts to contain a two-year-old sovereign debt crisis are flagging.

Sep 7, 2011

Stocks, euro recover but long-term fears linger

SINGAPORE, Sept 7 (Reuters) – European stocks were poised to
follow Asian shares higher on Wednesday as investors hunted for
bargains, while the euro edged up against the dollar as traders
covered some bets against the common currency following a sharp
overnight fall.

The constellation of asset price action reflected risk
taking among investors, who had been mostly driven for the past
few weeks by fears that still lingered about a euro zone break
up and global recession.

Sep 7, 2011

Asian stocks rebound but Europe fears still linger

SINGAPORE, Sept 7 (Reuters) – Asian stocks rebounded on
Wednesday as investors hunted for bargains after the latest
market slide, while the euro edged up against the dollar as
traders covered some bets against the common currency following
a sharp overnight fall.

The Swiss franc was nursing 10 percent losses against the
single currency after the country’s central bank said it would
buy foreign currencies in “unlimited quantities” to enforce a
limit of 1.20 francs to the euro .

Sep 6, 2011

Global shares slide again amid euro zone, banking worries

SINGAPORE (Reuters) – Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe’s sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.

The market jitters pushed the euro lower and European stocks appear set to slide further as S&P 500 futures slid 2.7 percent, pointing to sharp losses on Wall Street as it catches up to European and Asian markets after a holiday on Monday.

    • 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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