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Dec 16, 2011

Asian shares, euro gain after upbeat U.S. data

SINGAPORE (Reuters) – Asian shares edged up and the euro slunk higher on Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a sell-off in riskier assets over the past three days.

U.S. stocks rose modestly on Thursday, after a fall in U.S. unemployment, a stronger-than-expected rise in regional factory activity and better-than-forecast results from FedEx Corp (FDX.N: Quote, Profile, Research, Stock Buzz) painted an improving picture of the economy. .N

Dec 15, 2011

European debt woes prompt year-end flight from risk

SINGAPORE (Reuters) – Asian shares retreated and the euro and commodities nursed stinging losses on Thursday after fears that Europe’s debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.

The market view that a European Union summit last week had failed to produce a solution to the crisis was reinforced when Italy was forced to pay an eye-watering 6.47 percent on 5-year bonds on Wednesday, a record borrowing cost for the euro era.

Dec 14, 2011

Asia stocks, euro fall after Fed shuns new stimulus

SINGAPORE (Reuters) – Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe’s still-unresolved sovereign debt crisis.

Wall Street stocks fell after the U.S. central bank’s final policy meeting of the year, at which the Fed noted modest improvement in the U.S. economy but added that market turbulence in the face of Europe’s woes posed a big risk.

Dec 14, 2011

Asian stocks, euro fall after Fed offers no new

SINGAPORE (Reuters) – Asian shares drifted lower and the euro floundered near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe’s still-unresolved debt crisis.

Wall Street stocks fell after the U.S. central bank’s final policy meeting of the year, at which the Fed noted modest improvement in the U.S. economy but added that market turbulence in the face of Europe’s woes posed a big risk.

Dec 14, 2011

Asian Stocks, euro fall after Fed offers no new stimulus

SINGAPORE (Reuters) – Asian shares drifted lower and the euro floundered near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe’s still-unresolved debt crisis.

Wall Street stocks fell after the U.S. central bank’s final policy meeting of the year, at which the Fed noted modest improvement in the U.S. economy but added that market turbulence in the face of Europe’s woes posed a big risk.

Dec 14, 2011

Stocks, euro fall after Fed offers no new stimulus

SINGAPORE, Dec 14 (Reuters) – Asian shares drifted
lower and the euro floundered near an 11-month low on Wednesday
after the Federal Reserve failed to take any new steps to
stimulate growth and offset the chilling effects of Europe’s
still-unresolved debt crisis.

Wall Street stocks fell after the U.S. central bank’s final
policy meeting of the year, at which the Fed noted modest
improvement in the U.S. economy but added that market turbulence
in the face of Europe’s woes posed a big risk.

Dec 13, 2011

Asian stocks, euro hit by threat of Europe downgrades

SINGAPORE (Reuters) – Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a “last chance” European Union summit failed to convince markets.

Commodities steadied after a hammering in the previous session and the so-called risk currencies of big resource producers such as Australia nursed heavy losses as investors huddled in the relative safety of the dollar.

Dec 13, 2011

Asian stocks, euro hit as possible Europe downgrades

SINGAPORE (Reuters) – Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a “last chance” European Union summit failed to convince markets.

Commodities were also abandoned and the “risk” currencies of big resource producers such as Australia nursed heavy losses as investors huddled in the relative safety of the dollar, lifting both the U.S. currency and Treasuries.

Dec 13, 2011

Stocks, euro hit as possible Europe downgrades loom

SINGAPORE, Dec 13 (Reuters) – Asian stocks sank on
Tuesday and the euro languished near a two-month low as
investors took fright at the prospect of mass euro zone
sovereign ratings downgrades after the outcome of a “last
chance” European Union summit failed to convince markets.

Commodities were also abandoned and the “risk” currencies of
big resource producers such as Australia nursed heavy losses as
investors huddled in the relative safety of the dollar, lifting
both the U.S. currency and Treasuries.

Dec 8, 2011

Asian stocks fall, euro lower as EU summit jitters weigh

SINGAPORE (Reuters) – Asian shares fell on Thursday as doubts set in about whether European leaders can agree on a plan to tackle the euro zone’s two-year-old debt crisis at a high-stakes summit on Friday.

A media report that the G20 was preparing a $600 billion lending facility for the International Monetary Fund to help Europe gave a late lift to U.S. stocks and briefly boosted the euro, but the effect faded after it was denied by G20 and IMF officials.

    • 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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