Chief Stock Market Correspondent, EMEA
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Jul 8, 2013

Dollar gains, Japan shares rise on upbeat U.S. jobs data

TOKYO (Reuters) – Japanese shares rose on Monday and the dollar hit a three-year high against a basket of major currencies after U.S. job creation accelerated in June, signaling growth in the world’s largest economy is gathering momentum.

U.S. employers added 195,000 new jobs to their payrolls last month, beating expectations of 165,000. Adding to the positive sentiment, the figures for April and May were revised up by a combined 70,000. The unemployment rate held steady at 7.6 percent as more people entered the workforce.

Jul 2, 2013

Nikkei climbs above 14,000 on solid U.S. data, softer yen

TOKYO (Reuters) – The Nikkei share average climbed above 14,000 points for the first time in nearly five weeks on Tuesday as encouraging U.S. manufacturing and construction data added to signs of an improving economy, which is Japan’s biggest export market.

The Nikkei .N225 gained 1.2 percent to 14,020.56 by midmorning, heading for a fourth straight day of gains – its longest winning streak since mid-May, just before a sharp sell-off that drive the index into bear market territory at one point.

Jun 28, 2013

Japan fund managers lift domestic bond weightings, cut global stocks

TOKYO (Reuters) – Japan’s fund managers lifted their bond allocations to a record high, mainly in domestic bonds, and cut those for equities to a nine-month low, a Reuters poll showed on Friday, as they remain wary of the U.S. central bank’s plan to trim its stimulus and the sudden emergence of a cash crunch in China.

A survey of nine Japan-based fund managers, polled between June 13 and 21, also showed they raised their cash allocations and property exposure.

Jun 28, 2013

JGBs fall after robust Japan data, CPI stops falling

TOKYO, June 28 (Reuters) – Benchmark 10-year Japanese
government bond prices edged down on Friday, hurt by data that
showed Japan’s consumer prices stopped falling in May for the
first time in seven months and industrial production rose more
than expected.

The 10-year yield was up 1 basis point at
0.845 percent, reversing an earlier fall on the back of lower
U.S. Treasury yields overnight. During intraday trade, it fell
as much as 0.825 percent to a one-week low.

Jun 26, 2013

JGBs gain, with superlongs outperforming on month-end buying

TOKYO, June 26 (Reuters) – Benchmark Japanese government
bond prices inched higher on Wednesday, supported by a sharp
fall in Tokyo shares on concerns over China’s cash squeeze,
while longer-dated debt outperformed on the back of month-end
buying by life insurers and pension funds.

The 10-year yield edged down 0.5 basis point
to 0.860 percent after earlier rising as much as 0.885 percent
because data, including a gauge of business spending and
consumer confidence, showed the U.S. economic recovery gained
encouraging momentum.

Jun 25, 2013

JGBs rise as China credit crunch worries buoy safety bid

TOKYO, June 25 (Reuters) – Japanese government bond prices
rose on Tuesday, driven by concerns that a Chinese central bank
engineered cash squeeze to rein in rapid credit expansion could
derail growth in China, a major export market for Japan.

The 10-year yield slipped 1.5 basis points to
0.865 percent, reversing early gains after Chinese stocks fell
sharply, with the Shanghai and Shenzhen composite index
down 2.7 percent after earlier plunging as much as 6.8
percent. The China concerns weighed on Tokyo’s Nikkei share
average, which ended down 0.7 percent on Tuesday.

Jun 25, 2013

JGBs rise as China credit crunch worries buoy safety bid

TOKYO, June 25 (Reuters) – Japanese government bond prices
rose on Tuesday, driven by concerns that a Chinese central bank
engineered cash squeeze to rein in rapid credit expansion could
derail growth in China, a major export market for Japan.

The 10-year yield slipped 1.5 basis points to
0.865 percent, reversing early gains after Chinese stocks fell
sharply, with the Shanghai and Shenzhen composite index
down 2.7 percent after earlier plunging as much as 6.8
percent. The China concerns weighed on Tokyo’s Nikkei share
average, which ended down 0.7 percent on Tuesday.

Jun 21, 2013

Nikkei falls to one-week low as Fed’s plan hits global markets

TOKYO (Reuters) – Japan’s Nikkei average shed 2.1 percent on Friday, extending its previous session’s decline as investors fretted about the implications of the Federal Reserve’s plan to wean off the U.S. economy’s dependence on cheap money.

The Nikkei was down 274.72 points at 12,739.86, hitting a one-week low after falling 1.7 percent on Thursday. It is still up 0.4 percent this week, on track to post its first weekly rise in five weeks.

Jun 20, 2013

JGBs fall as U.S. Fed reveals plan to dial back bond-buying

TOKYO, June 20 (Reuters) – Japanese government bond prices
fell on Thursday, tracking weakness in U.S. Treasuries after
Federal Reserve Chairman Ben Bernanke said the U.S. central bank
could start scaling back its bond-buying stimulus in coming
months as the economy improved.

Bernanke’s confirmation that the Fed is getting closer to
rolling back on its monthly $85 billion asset purchases sent
benchmark 10-year U.S. Treasury yields to a 15-month
high and weighed on equities.

Jun 19, 2013

Nikkei climbs to one-week high

TOKYO (Reuters) – Japan’s Nikkei average hit a one-week high on Wednesday, with traders citing the launch of a near $780 million investment trust as a driving factor, while SoftBank Corp rose as it looked likely to win the battle for Sprint Nextel.

The Nikkei ended 1.8 percent higher at 13,245.22 points, its highest since June 12 and closing above the bottom of the Ichimoku cloud in a bullish sign.

    • 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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