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Jul 27, 2015

Asian shares skid as Fed monetary meeting looms

SYDNEY/HONG KONG, July 27 (Reuters) – Asian shares began
the week on a plaintive note amid losses on Wall Street and
worries over China, while investors braced for a Federal Reserve
meeting that might take another small step toward lifting U.S.
interest rates.

Financial spreadbetters expected Britain’s FTSE 100
0.3 percent lower, Germany’s to open 0.4 percent down,
and France’s CAC 40 to open 0.3 percent lower. UBS’s
stronger-than-expected results may help markets.

Jul 27, 2015

Asian shares broadly softer as Fed looms

SYDNEY (Reuters) – Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates.

Japan’s Nikkei slipped 0.5 percent, while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.8 percent.

Jul 27, 2015

Asia shares off to soft start as Fed looms

SYDNEY (Reuters) – Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates.

Japan’s Nikkei slipped 0.8 percent in early trade, while MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 percent.

Jul 24, 2015

Global economy – Second half of 2015 begins on shaky note

LONDON/SYDNEY (Reuters) – The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China’s vast factory sector appeared to be contracting at the fastest pace in 15 months in July.

The surveys come just months after the European Central Bank embarked on a 60 billion euro a month bond-buying programme and as Beijing said it would allow its yuan currency to fluctuate more widely within its trading band as a way to support trade.

Jul 24, 2015

Second half of 2015 begins on shaky note

LONDON/SYDNEY, July 24 (Reuters) – The global economy
started the second half of the year on shaky ground as business
activity in the euro zone was weaker than expected and China’s
vast factory sector appeared to be contracting at the fastest
pace in 15 months in July.

The surveys come just months after the European Central Bank
embarked on a 60 billion euro a month bond-buying programme and
as Beijing said it would allow its yuan currency to fluctuate
more widely within its trading band as a way to support trade.

Jul 24, 2015

China factories falter, commodities take the hit

SYDNEY, July 24 (Reuters) – Activity in China’s factory
sector seemingly contracted at the fastest pace in 15 months in
July, a preliminary private survey showed on Friday in a blow
undercutting recent signs of stabilisation in the struggling
economy.

The news came as Beijing announced it would allow its yuan
currency to fluctuate more widely within its trading band as a
way to support the trade sector.

Jul 22, 2015

Australia’s central bank chief sees risks in more rate cuts

SYDNEY (Reuters) – Australia’s central bank sees scope for yet lower interest rates as inflation stays in the sweet spot for stimulus, though the bar for action is high given concerns it could lure households into taking on too much debt.

Offering a guardedly optimistic outlook on the economy, Reserve Bank of Australia (RBA) Governor Glenn Stevens said restrained inflation had already allowed rates to be cut to all-time lows and a further easing remained “on the table.”

Jul 22, 2015

Australia inflation stays restrained, no bar to rate cuts

SYDNEY, July 22 (Reuters) – Australian consumer prices
picked up only modestly last quarter as petrol costs rebounded,
while core inflation remained well restrained in an invitation
to further cuts in interest rates if needed.

Wednesday’s data from the Australian Bureau of Statistics
showed the consumer price index (CPI) rose 0.7 percent in the
second quarter, from the first quarter when it edged up just 0.2
percent. The annual pace of inflation ticked up to 1.5 percent,
from 1.3 percent, but came in below expectations.

Jul 20, 2015

Asian shares off to cautious start, Japan on holiday

SYDNEY (Reuters) – The U.S dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold slumped to five-year lows as a lack of global inflation left little to hedge against.

The precious metal ran into a wave of selling in Asia that drove it down 3.9 percent to $1,089.80 an ounce, having already suffered its worst weekly performance since March last week.

Jul 20, 2015

Dollar in demand, gold at five-year low

SYDNEY (Reuters) – The U.S dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold hit five-year lows as a lack of global inflation left little to hedge against.

Activity was light with Japan on holiday and a dearth of major data in the diary, leading to a cautious start for stocks.