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Oct 31, 2014

Yen sinks to seven-year low after BOJ tricks and treats investors

TOKYO (Reuters) – The yen tumbled to its lowest level in almost seven years against the dollar on Friday after the Bank of Japan shocked markets by unexpectedly easing policy further, citing mounting risks it would miss its inflation goal.

The BOJ raised its monetary base target to an annual increase of 80 trillion yen($724.5 billion) from 60-70 trillion yen and tripled its purchase of risk assets such as exchange traded funds (ETFs) and real estate investment trusts (REITs).

Oct 31, 2014

Japanese life insurers see further, slower shift to foreign bonds

TOKYO, Oct 31 (Reuters) – Japanese life insurers are looking
to buy more foreign bonds in the six months to March as yields
on domestic bonds have fallen to uneconomical levels due to the
Bank of Japan’s massive purchases as part of its monetary easing
programme.

Still, most of their buying will be made with currency
hedges and the pace of their buying is expected to slow after
fervent demand in April-September, suggesting the shift toward
foreign debt will have limited impact in pushing the yen lower.

Oct 29, 2014

Asian shares gain on earnings optimism, dovish Fed

TOKYO, Oct 29 (Reuters) – Asian shares advanced to one-month
highs on Wednesday, helped by Wall Street which gained on
optimism over corporate earnings and prospects the U.S. Federal
Reserve will reaffirm its willingness to wait longer before
raising interest rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan
gained 0.3 percent, led by 0.6 percent rise in
South Korean shares while Japan’s Nikkei share average
edged up 0.5 percent.

Oct 27, 2014

Euro comes safely through ECB stress test, Aussie up

TOKYO, Oct 27 (Reuters) – The euro held firm on Monday after
the European Central Bank’s stress tests found smaller capital
shortfalls among European banks than expected, lending a
tailwind to the recovery in risk sentiment over the past week.

Twenty-five out of the euro zone’s 130 top lenders failed
landmark health checks at the end of last year but most have
since repaired their finances, the ECB said on Sunday.

Oct 27, 2014

Euro comes safely through ECB stress test

TOKYO, Oct 27 (Reuters) – The euro held firm in early Monday
trade after the European Central Bank’s stress tests found
smaller capital shortfalls among European banks than expected.

Twenty-five out of the euro zone’s 130 top lenders failed
landmark health checks at the end of last year but most have
since repaired their finances, the ECB said on Sunday.

Oct 24, 2014

U.S. stock futures tumble on reports of Ebola case in NY

TOKYO (Reuters) – U.S. stock futures tumbled while safe-haven assets such as the yen and U.S. bonds gained on Friday after media reported that a doctor who returned to New York City from West Africa has tested positive for Ebola.

S&P mini futures fell as much as 0.7 percent to 1,931.75, slipping from two-week highs hit the previous day on budding optimism on corporate earnings and the global economy.

Oct 24, 2014

Asian stocks advance on positive earnings, data

TOKYO (Reuters) – Asian shares climbed on Friday after upbeat U.S. corporate earnings, solid U.S. economic data, and an unexpected uptick in euro zone business sentiment helped ease concerns that the global economy was losing momentum.

Japan’s Nikkei share average .N225 rose 1.4 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent.

Oct 23, 2014

Asia stocks hobbled by growth anxiety, China PMI fails to impress

TOKYO (Reuters) – Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

Japan’s Nikkei share average fell 0.4 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent.

Oct 23, 2014

Asian shares hit by Wall St. fall, China PMI in focus

TOKYO (Reuters) – Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices revived investor concerns over slowing global growth, as markets nervously waited for Chinese and European manufacturing reports later in the day.

Japan’s Nikkei share average .N225 fell 0.8 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.27 percent.

Oct 22, 2014

Euro on defensive after ECB bond buying report, yen soft

TOKYO, Oct 22 (Reuters) – The euro flirted with one-week
lows on Wednesday following a Reuters report that the European
Central Bank is considering buying corporate bonds, while a
recovery in risk appetite underpinned the dollar against the
yen.

The euro briefly fell to $1.2706 its lowest level
since Thursday and last stood at $1.2723, little changed from
late U.S. levels but still lethargic after 0.7 percent fall on
Tuesday.