Chief Stock Market Correspondent, EMEA
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Jul 19, 2013

Japanese investors buy most foreign bonds since “Abenomics”

TOKYO, July 19 (Reuters) – Japanese investors were net
buyers of foreign bonds for a second straight week last week by
purchasing the largest amount since September 2012, indicating
they may be starting to seek higher returns overseas, after the
Bank of Japan’s radical easing.

Should the trend towards net buying continue, it could
provide another piece of early evidence that Prime Minister
Shinzo Abe’s expansionary stimulus policies are having their
desired effect ahead of an election for parliament’s upper house
on Sunday.

Jul 18, 2013

Asian shares fall on China, Intel

TOKYO (Reuters) – Asian shares fell on Thursday, as concerns over financing available to property developers hurt Chinese markets, although overall sentiment was supported by Fed Chairman Ben Bernanke’s pledge to keep monetary policy easy for the foreseeable future.

Regional tech-related stocks were hit by U.S. Intel Corp’s dismal annual revenue forecast and capital spending cuts, rooted in softer personal computer sales and weakness in China, one of its biggest markets.

Jul 18, 2013

Bernanke drives Asian shares to a near five-week high, dollar steady

TOKYO (Reuters) – Asian shares inched up to a near five-week high on Thursday after Federal Reserve Chairman Ben Bernanke pledged to keep monetary policy easy for the foreseeable future, while the dollar held on to modest overnight gains.

Although Bernanke stuck to a timeline that he first outlined in June to wind down the Fed’s $85 billion a month bond-buying program, he went out of his way to stress that nothing was set in stone.

Jul 18, 2013

Bernanke drives Asian shares to a near 5-wk high, dollar steady

TOKYO, July 18 (Reuters) – Asian shares inched up to a near
five-week high on Thursday after Federal Reserve Chairman Ben
Bernanke pledged to keep monetary policy easy for the
foreseeable future, while the dollar held on to modest overnight
gains.

Although Bernanke stuck to a timeline that he first outlined
in June to wind down the Fed’s $85 billion a month bond-buying
programme, he went out of his way to stress that nothing was set
in stone.

Jul 17, 2013

Asia shares tick up, dollar defensive ahead of Bernanke testimony

TOKYO (Reuters) – Asian shares inched higher on Wednesday, while the dollar held a three-week low on expectations Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.

Bernanke is set to testify to Congress on Wednesday and Thursday, which could provide further clarity on when the U.S. central bank will roll back its $85 billion a month bond-buying program.

Jul 11, 2013

Asian shares hit three-week high on Bernanke’s dovish comments

TOKYO (Reuters) – Asian shares climbed to a three-week high on Thursday on comments by Federal Reserve Chairman Ben Bernanke that highly accommodative monetary policy would be needed for the foreseeable future, and the dollar stabilized.

Financial markets have recently sold off on concerns that the Fed may begin to scale back its $85 billion a month bond-buying program as soon as September.

Jul 10, 2013

Dollar extends losses after Bernanke’s dovish comments

TOKYO, July 11 (Reuters) – The dollar extended falls on
Thursday, rapidly retreating from a three-year peak, after
Federal Reserve Chairman Ben Bernanke said highly accommodative
monetary policy would be needed for the foreseeable future.

Financial markets have recently sold off on concerns that
the Fed may begin to scale back its $85 billion a month
bond-buying programme as soon as September.

Jul 10, 2013

Asian shares pare gains after weak China trade data

TOKYO (Reuters) – Asian shares cut gains on Wednesday after data showed Chinese exports fell for the first time since January 2012, adding to signs that its economy continues to lose steam, while the dollar hovered at three-year highs versus a basket of currencies.

China’s exports fell 3.1 percent in June from a year earlier, while imports dropped 0.7 percent, severely missing market expectations and reinforcing signs of a second-quarter economic slowdown in the world’s second-largest economy.

Jul 10, 2013

Asian shares rise; euro steadies after Italy downgrade blow,

TOKYO (Reuters) – The euro stabilised on Wednesday after tumbling to a three-month low against the dollar after ratings agency Standard & Poor’s cut Italy’s debt rating, while Asian shares edged up – helped by Wall Street’s gains on optimism for U.S. company earnings.

The dollar hovered near a three-year high against a basket of major currencies, with more investors betting on further gains as the Federal Reserve prepares to scale back its $85 billion a month stimulus programme.

Jul 10, 2013

Euro steadies after Italy downgrade blow, Asian shares rise

TOKYO (Reuters) – The euro stabilized on Wednesday after tumbling to a three-month low against the dollar after ratings agency Standard & Poor’s cut Italy’s debt rating, while Asian shares edged up – helped by Wall Street’s gains on optimism for U.S. company earnings.

The dollar hovered near a three-year high against a basket of major currencies, with more investors betting on further gains as the Federal Reserve prepares to scale back its $85 billion a month stimulus program.

    • 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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