Chief Stock Market Correspondent, EMEA
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Dec 18, 2013

Dollar vaults to more than 5-year peak vs. yen, Fed cuts stimulus

TOKYO (Reuters) – The dollar was hoisted to a more than five-year high against the yen on Thursday after the Federal Reserve started to dial back its massive bond-buying stimulus, giving markets a strong signal that the U.S. economy was growing at a healthy clip.

The euro also came under pressure against the greenback, hitting a two-week low, and analysts at BNP Paribas continued to recommend short euro/dollar strategy.

Dec 18, 2013

Asian shares creep up, dollar steady as Fed decision looms

TOKYO, Dec 18 (Reuters) – Asian shares tiptoed higher on
Wednesday as investors waited to hear when the U.S. Federal
Reserve will begin unwinding its stimulus campaign, a major
driver for global risk assets in recent years.

On Tuesday, a better-than-expected report on U.S. house
builder confidence and inflation data suggesting low but stable
price growth, supported the view that economic conditions are
adequate for the U.S. central bank to start scaling back its $85
billion monthly bond-buying.

Dec 17, 2013

Asian shares, dollar walk on eggs as Fed decision looms

TOKYO, Dec 18 (Reuters) – Asian shares were tentative on
Wednesday as investors waited with bated breath to hear when the
U.S. Federal Reserve will begin unwinding its massive stimulus,
a major driver for global risk assets in recent years.

On Tuesday, a better-than-expected report on U.S. house
builder confidence and inflation data suggesting low but stable
price growth supported the view that economic conditions are
adequate for the U.S. central bank to start scaling back its $85
billion-monthly bond-purchases.

Dec 16, 2013

Asian shares edge higher, euro gains ground ahead of Fed

TOKYO (Reuters) – Asian shares got off to a promising start on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity, ahead of a key U.S. Federal Reserve policy decision later this week

Investors are on tenterhooks over when the Fed will start to reduce its $85 billion-a-month bond-buying program, a major driver of global risk assets in recent years.

Dec 12, 2013

Asian shares ease to four-week low on Fed tapering anxiety

TOKYO (Reuters) – Asian shares slipped to a four-week low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.6 percent, adding to Wednesday’s 1.1 percent decline, its sharpest one-day fall in three weeks.

Dec 11, 2013

Asian shares dip to four-week low on Fed tapering worry

TOKYO (Reuters) – Asian shares slipped to a four-week low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.1 percent, adding to Wednesday’s 1.1 percent decline.

Dec 9, 2013

Nikkei jumps two percent after U.S. jobs data hits yen, lifting exporters

TOKYO (Reuters) – Japan’s Nikkei stock average climbed as much as 2 percent on Monday morning, buoyed by a slide in the yen after an upbeat U.S. jobs report raised expectations the Federal Reserve will soon begin unwinding its stimulus.

Declines in the yen tend to boost sentiment towards Japanese equities because investors expect the weaker currency will inflate overseas earnings for exporters, such as Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Panasonic Corp (6752.T: Quote, Profile, Research, Stock Buzz).

Dec 3, 2013

Asian shares hit by Fed taper anxiety, BOJ sounds easy

TOKYO (Reuters) – Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat U.S. economic data confirmed the Federal Reserve’s inexorable tilt towards reducing its stimulus soon, while the yen sank on talk of further central bank easing.

With the prospect of more cheap BOJ funds in the offing and a weakened currency firing up the export sector, Japanese stocks raced towards a six-year high.

Dec 3, 2013

Asian shares sag as Fed taper talk heats up

TOKYO (Reuters) – Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing.

The U.S. Institute for Supply Management’s index of national factory activity rose in November to its best showing since April 2011, while the pace of hiring also accelerated.

Dec 2, 2013

Asian shares dip, yen battered by BOJ speculation, U.S. data

TOKYO (Reuters) – Asian shares slipped and the dollar firmed on Tuesday as an unexpectedly strong U.S. factory activity gauge bolstered expectations the Federal Reserve will soon reduce its massive stimulus, while the yen tumbled on speculation of further central bank easing.

The U.S. Institute for Supply Management’s index of national factory activity rose in November to its best showing since April 2011, while the pace of hiring also accelerated.

    • 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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