TOKYO (Reuters) – Asian markets held steady near three-week highs on Thursday, as investors were cautiously optimistic after upbeat trade data from China eased concerns over the global economy and helped take some of the sting off the recent emerging markets turmoil.
The new Federal Reserve Chair Janet Yellen’s reassurance on U.S. monetary policy and economic outlooks also appear to have done enough for now to underpin risk appetite.
TOKYO (Reuters) – Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong night on Wall Street and hopeful signs an upcoming crucial U.S. jobs report will put to bed some of the global growth concerns.
In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent, a day after the index posted its biggest gains in over two months.
TOKYO, Feb 7 (Reuters) – Asian shares regained a measure of
stability on Friday, stepping further away from five-month lows
after a strong night on Wall Street and hopeful signs an
upcoming crucial U.S. jobs report will put to bed some of the
global growth concerns.
In early trade, MSCI’s broadest index of Asia-Pacific shares
outside Japan rose 0.3 percent, a day after the
index posted its biggest gains in over two months.
TOKYO, Feb 6 (Reuters) – A sharp fall in the Tokyo stock
market has been a rude awakening for investors who had bet 2014
would see Japanese Prime Minister Shinzo Abe’s massive stimulus
finally bear fruit.
The Nikkei average underperformed most peers around
the world and fell below major technical support lines this
week, adding to a growing sense that the Japanese market has
entered a vicious cycle.
TOKYO (Reuters) – Asian shares took a tentative step forward on Thursday as investors remained wary after the recent selloff in emerging markets raised concerns about the global economic outlook.
A mixed picture on global growth added to the cautious tone in global markets, with many looking ahead to the crucial U.S. jobs report on Friday for a measure of comfort.
TOKYO, Feb 3 (Reuters) – The euro licked its wounds near a
ten-week low against the dollar on Monday after soft euro zone
inflation data rekindled speculation the European Central Bank
may ease policy to stave off deflation.
Worries about capital flight from emerging economies also
kept investors at arms length from risk assets, underpinning the
yen over growth-sensitive, high-yielding currencies.
SYDNEY/TOKYO (Reuters) – The U.S. dollar traded at a one-week high against a basket of major currencies early on Friday, having been swept higher as investors took aim at the euro in a volatile end to a choppy month gripped by concerns over emerging economies.
The greenback was also supported after solid U.S. October-December growth numbers revived hopes that the global economy could, on the whole, take troubles from emerging markets in its stride.
TOKYO, Jan 29 (Reuters) – The yen’s rise in reaction to
turmoil in emerging markets may have suggested the currency is
still viewed as a good defensive play, but closer analysis shows
it is actually losing some of its safe-haven status.
The yen has fallen as the Bank of Japan has been printing
money aggressively as part of Japan’s economic stimulus
measures. There is little safety in holding a depreciating
currency, so it might seem odd that the yen still rose in the
emerging market selloff and fell when emerging markets settled.
TOKYO (Reuters) – Japan’s Nikkei share average jumped 2.7 percent on Wednesday, its biggest gain in almost five months, after Turkey’s huge hike in interest rates halted selling in emerging markets and bolstered risk appetite.
The Nikkei rose to 15,383.91, moving away from a 2-1/2 month low just below 15,000 set on Monday and snapping a four-session losing streak.
TOKYO (Reuters) – Asian shares were pinned near five-month lows on Tuesday as concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital.
Investors are now focusing on whether the central bank of Turkey, one of the epicenters of the latest rout in emerging markets, could salvage the lira at an emergency policy meeting later in the day.