Chief Stock Market Correspondent, EMEA
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Jan 7, 2014

Asian shares steady, dollar rebounds after weak U.S. data

TOKYO (Reuters) – Asian shares stabilized on Tuesday after four straight days of losses, while the dollar rebounded from overnight weakness after disappointing U.S. services sector data raised concerns about stuttering growth in the world’s largest economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat, and not far from a three-week low touched on Monday.

Jan 7, 2014

Asian shares dip on soft U.S. services data, dollar stabilises

TOKYO, Jan 7 (Reuters) – Asian shares stabilised on Tuesday
after four straight days of losses, while the dollar rebounded
from overnight weakness after disappointing U.S. services sector
data raised concerns about stuttering growth in the world’s
largest economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan
was flat, and not far from a three-week low
touched on Monday.

Jan 6, 2014

Asian shares steady after 4 days of losses, dollar soft

TOKYO, Jan 7 (Reuters) – Asian shares stabilised on Tuesday
after four straight days of losses, while the dollar was on
defensive after disappointing U.S. services sector data raised
concerns about stuttering growth in the world’s largest economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan
was flat, having fallen 2.3 percent in the
previous four sessions.

Jan 6, 2014

Asian shares tumble to 2-week low on China services PMI

TOKYO, Jan 6 (Reuters) – Asian shares fell to a two-week low
on Monday after growth in China’s services sector slowed sharply
last month, raising concerns about the pace of recovery in the
world’s second-largest economy, while safe-haven gold climbed.

The dollar hovered near a four-week high, supported by an
upbeat outlook on the U.S. economy by Federal Reserve Chairman
Ben Bernanke that fanned expectations of faster stimulus
reduction by the U.S. central bank.

Jan 5, 2014

Asian shares languish at 2-week low, dollar near four-week high

TOKYO (Reuters) – Asian shares dipped on Monday, while the dollar hovered near a four-week high, maintaining gains even after Federal Reserve Chairman Ben Bernanke said the U.S. central bank is committed to an accommodative policy.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.1 percent, adding to a 1.1 percent drop to a two-week low on Friday. The index lost 1.7 percent last year, sharply underperforming U.S., Japanese and European stocks.

Dec 30, 2013

Nikkei edges higher, set for best year since 1972

TOKYO (Reuters) – Japan’s Nikkei stock average hit a fresh six-year high on Monday, its final trading day for 2013, and is set to close the year up more than 55 percent to mark its biggest annual gain since 1972.

The Nikkei advanced 0.3 percent to 16,230.23 in mid-morning trade, on track for a ninth straight day of gains, which would be its longest winning streak since July 2009.

Dec 27, 2013

Nikkei retreats from 6-year high, set for best year since 1972

TOKYO (Reuters) – Japan’s Nikkei pulled back from a six-year high on Friday as investors took profit with just two trading days left for a year in which the benchmark has risen more than 50 percent.

The Nikkei .N225 shed 0.6 percent to 16,083.30 in mid-morning trade after earlier hitting a six-year high of 16,232.69. The index was on track to end a seventh straight day of gains, its longest such run since October.

Dec 26, 2013

Nikkei scales more than 6-year high, driven by retail investors

TOKYO (Reuters) – Tokyo’s Nikkei share average climbed 0.9 percent to a more than six-year high on Thursday, with buying mostly by retail investors as tax-free investment accounts aimed at driving Japanese savings into stocks kicked off.

The Nikkei .N225 was up 145.99 points at 16,155.98 in mid-morning trade, after closing above 16,000 for the first time since December 2007 on Wednesday.

Dec 19, 2013

Asian shares tiptoe up, U.S. bonds fall after Fed taper

TOKYO (Reuters) – Asian shares got off to a cautious start on Friday tracking a more circumspect session on Wall Street overnight, as investors reassessed the Federal Reserve’s policy outlook following its decision this week to start tapering its massive stimulus.

U.S. government bond prices fell on emerging doubts about the Fed’s commitment to rock-bottom interest rates.

Dec 19, 2013

Yen claws back from five-year trough in wake of Fed taper

TOKYO (Reuters) – The dollar gave back some of its gains after cresting at its highest against the yen in more than five years on Thursday in Asia, after the U.S. Federal Reserve said it would start to cut its massive bond-buying stimulus and sent markets a strong signal that the U.S. economy was growing at a healthy clip.

The U.S. central bank said on Wednesday that it would taper its monthly asset purchases by $10 billion, bringing them down to $75 billion, with the reduction to be equally split between mortgage-backed securities and Treasury bonds.

    • 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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