Chief Stock Market Correspondent, EMEA
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Jan 24, 2014

Asian shares sag on China anxiety, emerging currencies routed

TOKYO (Reuters) – Asian shares lurched to a 4-1/2 month low on Friday, extending the previous day’s weakness as disappointing Chinese manufacturing data raised concerns over the economy, and emerging and commodity currencies took a beating.

Investors sought safety in gold, the yen and highly-rated government bonds, sending the 10-year U.S. Treasury yield to a seven-week low.

Jan 23, 2014

Asian shares sag on Chinese growth anxiety, emerging currencies

TOKYO (Reuters) – Asian shares were off-color on Friday, extending the previous day’s weakness as disappointing Chinese manufacturing data raised concerns over the economy, and investors sought safety in gold and the yen.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.1 percent, having fallen 1.3 percent in the previous session to a 4-1/2 month low following the Chinese factory activity report.

Jan 16, 2014

Dollar regains swagger, Tokyo shares upbeat after U.S. data

TOKYO (Reuters) – The dollar rose to a one-week high against the yen on Thursday, as a set of robust U.S. data and upbeat earnings from Bank of America helped offset concerns of a U.S. slowdown following December’s disappointing payroll numbers.

Japan’s Nikkei benchmark .N225 advanced 0.5 percent in relatively active trade after logging its best one-day rise in four months on Wednesday, a day after suffering its worst session in five months.

Jan 15, 2014

Asian shares inch up as data show U.S. growth intact

TOKYO (Reuters) – Asian shares ticked higher on Thursday after a set of robust U.S. data and upbeat earnings from Bank of America helped squash concerns of a slowdown in the world’s largest economy following disappointing jobs growth in December.

U.S. producer prices posted their biggest gain in six months in December as the cost of gasoline rebounded strongly, but inflation pressure remained benign.

Jan 14, 2014

Japanese stocks tumble as yen hovers near four-week high

TOKYO (Reuters) – Asian shares came under pressure on Tuesday, with Japanese stocks tumbling more than 2 percent as the yen hovered near a four-week high against the dollar after last week’s surprisingly weak jobs report raised concerns about the U.S. growth outlook.

Tokyo’s Nikkei benchmark .N225 shed 2.6 percent, hitting a one-month low as investors there caught up to the fallout from the nonfarm payroll report following Monday’s public holiday in Japan.

Jan 13, 2014

Asia shares wobbly, Nikkei set to tumble as yen near four-week high

TOKYO (Reuters) – Asian shares dipped on Tuesday, hurt by a tumble on Wall Street, while the dollar hovered near a four-week low against the yen as last week’s surprisingly weak jobs report raised concerns about the U.S. growth outlook.

Tokyo’s Nikkei benchmark .N225 was set to fall sharply, with futures down 2.7 percent, as the yen strengthened on the back of the nonfarm payroll report. Monday was a public holiday in Japan.

Jan 13, 2014

Asia shares wobbly, Nikkei set to tumble as yen near 4-wk high

TOKYO, Jan 14 (Reuters) – Asian shares dipped on Tuesday,
hurt by a tumble on Wall Street, while the dollar hovered near a
four-week low against the yen as last week’s surprisingly weak
jobs report raised concerns about the U.S. growth outlook.

Tokyo’s Nikkei benchmark was set to fall sharply,
with futures down 2.7 percent, as the yen strengthened on the
back of the nonfarm payroll report. Monday was a public holiday
in Japan.

Jan 9, 2014

Nikkei tumbles 1.5 pct, Sony posts best day since June

TOKYO (Reuters) – Japan’s Nikkei stock average shed 1.5 percent on Thursday after the previous session’s bounce, as investors stayed risk averse ahead of a key U.S. jobs report the following day.

The Nikkei ended 241.12 points lower at 15,880.33 after climbing 1.9 percent on Wednesday to snap losses on the first two trading days of 2014. Tokyo stock markets began this year’s trading on Monday.

Jan 9, 2014

Asian shares ease, dollar firms; Friday’s US jobs in focus

TOKYO, Jan 9 (Reuters) – Asian shares wavered on Thursday
after a lacklustre performance on Wall Street overnight and
ahead of a key U.S. jobs report due out the following day, while
the dollar stood near a seven-week high against a basket of
currencies.

Market reaction was muted to a slowdown in China’s annual
consumer inflation in December, which decelerated to 2.5 percent
from the previous month’s 3 percent, more than what the market
had expected.

Jan 8, 2014

Asian shares ease; dollar firms after Fed minutes

TOKYO (Reuters) – Asian shares got off to a weak start on Thursday after a lackluster performance on Wall Street overnight and ahead of Chinese inflation data, while the dollar stood tall against a basket of currencies.

All eyes will now be on Friday’s nonfarm payroll report, which will further indicate how the U.S. economy is faring – and therefore how fast the Federal Reserve will scale back stimulus.

    • About Dominic

      "I am head of the European stock markets team based in London. Before that, I was with Reuters Hong Kong for more than 10 years, covering politics, banking, macro-economy and Asian G-3 currency bonds and credit."
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