Chief Stock Market Correspondent, EMEA
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Nov 25, 2013

Oil prices stabilize after Iran deal, Asian shares steady

TOKYO (Reuters) – Oil prices stabilized 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 regained some poise following Monday’s steep decline to a six-month low against the dollar and a four-year trough versus the euro.

Nov 25, 2013

Nikkei rallies on weak yen, sets sights on 5-1/2 year peak

TOKYO (Reuters) – Japan’s Nikkei topped a six-month peak on Monday, propelled by exporters with the yen trapped at a multi-month trough against the dollar and investors expecting the Bank of Japan to maintain its stimulus drive even as the U.S. Federal Reserve tapers off.

Index heavyweight SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) surged 3.8 percent to a 13-year high, building on Friday’s 2.3 percent rise after hedge fund manager Daniel Loeb revealed a $1 billion-plus stake in the mobile operator.

Nov 21, 2013

Foreign buying of Japan stocks jumped to 7-mth high last week

TOKYO, Nov 21 (Reuters) – Foreign investors’ net buying of
Japanese equities jumped to some $13 billion worth last week,
the biggest amount in seven months, as the yen slid against the
dollar on the back of dovish comments from Federal Reserve
Chair-nominee Janet Yellen.

Foreign inflows were also spurred on by robust earnings from
Japanese mega-banks like Mitsubishi UFJ Financial Group
, helping the Nikkei benchmark index surge 7.7
percent last week for its biggest weekly gain in four years.

Nov 19, 2013

Asian shares edge to 2-week high on China optimism

TOKYO, Nov 19 (Reuters) – Asian shares edged to a two-week
high on Tuesday, adding to the previous day’s hefty gains on
China’s economic reform plans, while the dollar was hobbled by
expectations the U.S. Federal Reserve will keep its stimulus a
little longer.

MSCI’s broadest index of Asia-Pacific shares outside Japan
added 0.2 percent, building on Monday’s 1.4
percent rally fed by a sharp jump in Chinese stocks and heading
for a fourth straight day of gains.

Nov 18, 2013

Asian shares retreat from two-week high

TOKYO (Reuters) – Asian shares slipped back from a two-week high on Tuesday after the previous session’s hefty gains on China’s economic reform plans, while the dollar was on the defensive on expectations the Federal Reserve will keep its stimulus a little longer.

MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, giving up some of Monday’s 1.4 percent rally driven by sharp jump in Chinese stocks.

Nov 18, 2013

Asian shares retreat from two-week high, dollar stays defensive

TOKYO (Reuters) – Asian shares slipped back from a two-week high on Tuesday after the previous session’s hefty gains on China’s economic reform plans, while the dollar was on the defensive on expectations the Federal Reserve will keep its stimulus a little longer.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.1 percent, giving up some of Monday’s 1.4 percent rally driven by sharp jump in Chinese stocks.

Nov 15, 2013

Nikkei scales six-month high, heads for best weekly rise in four years

TOKYO (Reuters) – Japan’s Nikkei average surged above the 15,000-mark for the first time in six months on Friday, as strong quarterly earnings buoyed financials while exporters took advantage of the yen’s slide to a two-month low against the dollar.

Consensus-beating results or upgrade in earnings guidance helped lift shares in Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research) 0.9 percent, Mizuho Financial Group (8411.T: Quote, Profile, Research) 1.9 percent and Dai-ichi Life Insurance Co Ltd (8750.T: Quote, Profile, Research) 3.4 percent.

Nov 12, 2013

Asian shares head for 4th day of falls, China in focus

TOKYO (Reuters) – Asian shares slipped on Tuesday, on track for a fourth straight day of losses, with investors turning their attention to the Chinese Communist Party policy meeting for clues to its economic agenda for the next decade.

The dollar rallied against the yen for a third straight day after a surprise rise in U.S. October jobs growth on Friday, which has raised the prospect of the Federal Reserve reducing its stimulus drive sooner than thought. The dollar also kept pressure on emerging Asian currencies.

Nov 12, 2013

Asian shares head for 4th day of falls, China reform agenda in focus

TOKYO, Nov 12 (Reuters) – Asian shares slipped on Tuesday,
on track for a fourth straight day of losses, with investors
turning their attention to the Chinese Communist Party policy
meeting for clues to its economic agenda for the next decade.

The dollar rallied against the yen for a third straight day
after a surprise rise in U.S. October jobs growth on Friday,
which has raised the prospect of the Federal Reserve reducing
its stimulus drive sooner than thought. The dollar also kept
pressure on emerging Asian currencies.

Nov 11, 2013

Asian shares stabilise, focus turns to China reform plan

TOKYO, Nov 12 (Reuters) – Asian shares held steady on
Tuesday, with investors turning their attention to the Chinese
Communist Party policy-meeting for clues to China’s economic
agenda for the next decade, while the dollar’s two-day rally
against the euro came to a halt.

MSCI’s broadest index of Asia-Pacific shares outside Japan
inched up 0.1 percent after a three-day run of
losses, while Australian shares gained 0.3 percent.

    • 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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