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Sep 6, 2011

Asian shares fall amid euro zone, banking worries

SINGAPORE, Sept 6 (Reuters) – Asian shares fell and the euro
slipped on Tuesday amid fears that Europe’s sovereign debt
troubles are worsening and could trigger a second full-blown
banking crisis.

European stocks tumbled 4 percent on Monday, with financial
shares falling to their lowest in more than 2 years. Wall Street
was closed on Monday for a holiday, but S&P 500 futures SPc1
ESc1 were down 2.4 percent on Tuesday.

Sep 5, 2011

Asia stocks, euro fall on U.S. growth gloom

SINGAPORE, Sept 5 (Reuters) – Asian stocks fell and the euro
slipped to a three-week low against the dollar on Monday as
fears of renewed recession in the United States and sustained
worries about the euro zone debt crisis prompted investors to
sell riskier assets.

U.S. jobs data on Friday showed employment growth stalled
last month, while Europe faces a string of political and legal
tests this week that could hurt efforts to resolve its sovereign
debt crisis and increase pressure on governments to try more
radical solutions. .

Aug 24, 2011

Asian shares fall as Fed rally runs out of steam

SINGAPORE, Aug 24 (Reuters) – Asian shares fell on Wednesday
as a rally fuelled by speculation that the Federal Reserve may
signal further moves to support the struggling U.S. economy
swiftly petered out, while gold rebounded from its sharpest
one-day slide in 18 months.

Tokyo markets showed a muted reaction to a downgrade of
Japanese government debt by ratings agency Moody’s, with the yen
a touch softer and Japanese government bond futures dipping
briefly.

Aug 23, 2011

Asian shares edge up but growth fears propel gold

SINGAPORE, Aug 23 (Reuters) – Asian shares edged up on
Tuesday after modest gains on Wall Street, but remained deep in
negative territory for the month, while gold hit another record
above $1,900 an ounce as investors continued to fret about the
health of the global economy.

The euro was under pressure as traders awaited flash
purchasing managers’ index (PMI) data on Tuesday for Germany,
France and the euro zone, with a weak number likely to
exacerbate fears about the cost of bailing out the bloc’s
indebted peripheral states.

Aug 10, 2011

Asia stocks bounce after Fed move stems rout

SINGAPORE (Reuters) – Asian stocks rebounded on Wednesday, following a jump in U.S. shares, after the Federal Reserve made an unprecedented pledge to keep interest rates near zero for at least two years, stemming a global equity rout for the time being.

But investors remained wary about implication of the central bank’s move — that it expects the U.S. economy to remain weak far longer than previously forecast — supporting demand for safe havens such as gold and the Swiss franc.

Aug 9, 2011

Asia shares nosedive; gold scales another peak

SINGAPORE, Aug 9 (Reuters) – Stock markets plunged on
Tuesday and the Swiss franc held near a record high as investors
dumped riskier assets in a global rout triggered by fears that
political leaders are failing to tackle debt crises in Europe
and the United States.

Major indexes across Asia tumbled between 2 and 7
percent, following a drop of more than 6 percent on Wall
Street on Monday in the first trading session since the historic
downgrade of the United States’ AAA credit rating by Standard &
Poor’s.

Aug 8, 2011

World shares slide despite G7, ECB hopes boost euro

SINGAPORE (Reuters) – Shares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the U.S. credit rating, but the euro jumped on hopes the ECB will act to stop Europe’s debt crisis from engulfing Italy and Spain.

Major Asian equity markets fell by 2-4 percent, with South Korea slumping more than 7 percent at one point.

Aug 8, 2011

Asia shares fall on U.S. woes, ECB hopes boost euro

SINGAPORE, Aug 8 (Reuters) – Asian shares fell on Monday and
the dollar languished near a record low against the Swiss franc,
as investors took fright at a downgrade of the U.S. credit
rating, while gold powered to another record just short of
$1,690 an ounce.

The euro jumped on hopes the European Central Bank will
start aggressively buying the bonds of Italy and Spain, the
latest nations threatened by the euro zone’s growing sovereign
debt crisis.

Aug 3, 2011

Asia stocks slide as economy fears rattle markets

SINGAPORE (Reuters) – Asian stocks fell more than 2 percent and gold remained near a record high above $1,660 an ounce on Wednesday, with fears increasing that Washington’s efforts to cut spending will slow growth at a time when global industrial activity is already sluggish.

Completion of a last-gasp deal to avoid a U.S. default failed to bring any relief, as investors focused instead on how tighter fiscal policy could constrict U.S. growth and Europe’s debt crisis was still worsening.

Aug 2, 2011

Asian stocks fall on weak data

SINGAPORE (Reuters) – Asian shares fell on Tuesday on concerns about the health of the global economy after sluggish U.S. manufacturing data, while a strengthening yen prompted speculation that Tokyo may intervene in the markets to curb the currency.

An 11th hour deal to raise the U.S. debt ceiling cleared its biggest hurdle in the House of Representatives, staving off the prospect of a calamitous default but failing to allay fears Washington could still lose its coveted triple-A credit rating.

    • 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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