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Jan 26, 2015

Global stocks slip as anti-austerity party wins Greek election

TOKYO (Reuters) – The euro skidded to an 11-year low and stock prices fell on Monday as Greece’s Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.

The euro fell to an 11-year low of $1.1098 on the vote outcome, before recovering to $1.1171, still down 0.3 percent from last week.

Jan 25, 2015

Euro, stocks fall as anti-austerity party wins Greek election

TOKYO (Reuters) – The euro skidded to near an 11-year low and U.S. stock futures fell on Monday as Greece’s Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.

The euro fell to as low as $1.1135 on the vote outcome, not far off an 11-year low of $1.1115 touched on Friday when the common currency took a battering after the European Central Bank unveiled a bond-buying stimulus program last week.

Jan 21, 2015

Asian shares buoyed by ECB easing hopes, euro soft

TOKYO (Reuters) – Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen was subdued ahead of the Bank of Japan’s policy announcement later in the Asian day.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, although Japan’s Nikkei .N225 slipped 0.4 percent from a two-week closing high hit on Tuesday after heavy gains in the previous two sessions.

Jan 19, 2015

Japan sovereign CDS anomaly reflects more concern over debt than JGBs do

TOKYO, Jan 19 (Reuters) – Credit derivatives are reflecting
increased investor concerns about Japan’s fiscal health after
the prime minister postponed a tax hike, with the cost of
insurance against a default by Japan hovering near 1-1/2-year
highs in the CDS market.

Government bond yields normally reflect such concerns but
the Bank of Japan’s (BOJ) huge asset purchase program is so
large that is drives bond yields far more than market sentiment
does.

Jan 14, 2015

As debts pile up, Japan tries to extend JGB maturity in 2015/16

TOKYO (Reuters) – Japan plans to issue more long-dated bonds in the next fiscal year from April, trying to lock in low long-term borrowing costs at a time when bonds yields are depressed at historic lows due to the Bank of Japan’s aggressive buying.

The Ministry of Finance announced on Wednesday it will increase the issuance of 30-year and 40-year Japanese government bonds in fiscal 2015/16 even as higher tax revenue lets the ministry reduce total debt sales.

Jan 9, 2015

Euro near nine-year low, dollar firm ahead of U.S. jobs data

TOKYO (Reuters) – The euro wallowed near a nine-year low on Friday on growing expectations the European Central Bank will embark on quantitative easing, while the dollar held firm before U.S. jobs data that could cement the case for a rate hike by the Federal Reserve.

ECB President Mario Draghi said the bank’s Governing Council stands ready to take unconventional measures if needed to stem a prolonged period of low inflation.

Jan 9, 2015

Euro near 9-year low, dollar firm ahead of US jobs data

TOKYO, Jan 9 (Reuters) – The euro wallowed near a nine-year
low on Friday on growing expectations the European Central Bank
will embark on quantitative easing, while the dollar held firm
before U.S. jobs data that could cement the case for a rate hike
by the Federal Reserve.

ECB President Mario Draghi said the bank’s Governing Council
stands ready to take unconventional measures if needed to stem a
prolonged period of low inflation.

Jan 8, 2015

Euro gets deflation jitters, dollar climbs

SYDNEY/TOKYO (Reuters) – The euro wobbled near a nine-year low on Thursday as investors wagered the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone.

The euro fell as far as $1.1802 the previous day, putting the 2005 trough of $1.1640 in reach of speculative sellers. It has since edged back to $1.1826 in Asia.

Jan 6, 2015

Asian shares tumble as oil gloom deepens

TOKYO (Reuters) – Asian shares tumbled on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of risk assets and into the safety of government bonds.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, retreating almost halfway from its recovery from a 10-month low hit last month.

Jan 6, 2015

Asian shares tumble as oil, Greek woes dim mood

TOKYO, Jan 6 (Reuters) – Asian shares tumbled on Tuesday as
sliding oil prices and political uncertainty in Greece forced
investors out of risk assets and into the safety of government
bonds.

MSCI’s broadest index of Asia-Pacific shares outside Japan
fell 0.5 percent while Japan’s Nikkei
dropped 2.0 percent.