Chief Stock Market Correspondent, EMEA
Dominic's Feed
Nov 29, 2013

Nikkei pauses on profit-taking, yen hits five-year low versus euro

TOKYO (Reuters) – Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.

Investors also modestly trimmed their positions in regional equities, with the MSCI Asia-Pacific outside Japan .MIAPJ0000PUS index off 0.1 percent after reaching its highest close in a week on Thursday.

Nov 29, 2013

Nikkei pauses on profit-taking, yen hits 5-yr low vs euro

TOKYO, Nov 29 (Reuters) – Japanese stocks paused for breath
on Friday after hitting their highest closing level in nearly
six years on Thursday, though they are still on track for their
best November gain since 1998 as the yen tumbled.

Investors also modestly trimmed their positions in regional
equities, with the MSCI Asia-Pacific outside Japan
index off 0.1 percent after reaching its highest
close in a week on Thursday.

Nov 28, 2013

Asian shares steady, yen pinned at four-year low vs euro

TOKYO, Nov 29 (Reuters) – Asian shares were steady on
Friday, with Japanese stocks poised for another strong session
as the yen languished at a four-year trough against the euro and
six-month low versus the dollar.

Investors have been using the yen as a funding currency for
carry trades with the Bank of Japan committed to keeping
ultra-loose monetary policy to shore up growth — a contrast
with the U.S. Federal Reserve which is moving towards unwinding
its $85 billion-a-month bond-buying campaign.

Nov 28, 2013

Nikkei closes in on 5-1/2 year peak as yen stumbles

TOKYO (Reuters) – Asian shares were in a buoyant mood, with Japanese stocks charging towards a 5-1/2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data.

U.S. jobless claims unexpectedly fell last week and the November Thomson Reuters/University of Michigan consumer confidence improved from a preliminary reading, while the Chicago PMI held up better than expected last month after surging in October.

Nov 28, 2013

Japan investors extend net buying of foreign bonds to 7th week

TOKYO, Nov 28 (Reuters) – Japanese investors amassed nearly
$14 billion in foreign bonds last week, in their seventh
straight week of net buying to mark the longest such run in a
year, on expectations of a widening yield differential between
U.S. Treasuries and Japanese government bonds.

They bought a net 1.406 trillion yen ($13.8 billion) worth
of foreign bonds in the week through Nov. 23, quadrupling from
351.5 billion the week before and marking the largest amount in
five weeks, Ministry of Finance data showed on Thursday.

Nov 28, 2013

Strong Japanese stocks close in on five and a half year peak as yen stumbles

TOKYO (Reuters) – Japanese stocks charged towards a 5-1/2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while other regional share markets edged modestly higher.

U.S. jobless claims unexpectedly fell last week and the Thomson Reuters/University of Michigan consumer confidence improved from a preliminary reading, while the Chicago PMI held up better-than-expected in November after surging in the previous month.

Nov 28, 2013

Strong Japanese stocks close in on 5-1/2 year peak as yen stumbles

TOKYO, Nov 28 (Reuters) – Japanese stocks charged towards a
5-1/2 year peak on Thursday after the yen fell sharply on the
back of relatively positive U.S. economic data, while other
regional share markets edged modestly higher.

U.S. jobless claims unexpectedly fell last week and the
Thomson Reuters/University of Michigan consumer confidence
improved from a preliminary reading, while the Chicago PMI held
up better-than-expected in November after surging in the
previous month.

Nov 27, 2013

Asian shares steady, Japan stocks set to push higher on weak yen

TOKYO (Reuters) – Asian shares held steady early on Thursday, although Japanese stocks look set to head back towards a 5-1/2 year peak reached in May after the yen fell sharply on the back of relatively positive U.S. economic data.

U.S. jobless claims unexpectedly fell last week and the Thomson Reuters/University of Michigan consumer confidence improved from a preliminary reading, while the Chicago PMI held up better-than-expected in November after surging in the previous month.

Nov 26, 2013

Asia stocks rise for third day, oil prices stabilise after Iran deal

TOKYO (Reuters) – Asian shares rose for the third straight day on Tuesday, while oil prices regained some semblance of stability after the previous session’s slide as traders questioned how quickly the Iranian nuclear accord could turn into higher supplies.

The yen came off a 4-year trough against the euro, and inched up against the dollar as traders repositioned after several days of sharp moves.

Nov 26, 2013

Oil prices recovers from Iran deal, Asian shares steady

TOKYO, Nov 26 (Reuters) – Oil prices recovered on Tuesday
after the previous session’s slide as traders questioned how
quickly the Iranian nuclear accord could translate into higher
supplies, while Asian shares got off to a cautious start.

The yen came off a six-month low against the dollar and a
four-year trough versus the euro.

    • 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."
    • Follow Dominic