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Jul 21, 2014

Australia’s embrace of high-rise living has short-term cost

SYDNEY, July 21 (Reuters) – Australia is enjoying a
long-desired housing renaissance as a record amount of new
building gets under way, and a shift in fashion toward high-rise
living should lengthen its life span even if it tempers its
immediate benefits.

In the past, the focus was all on detached houses which gave
a concentrated burst to economic growth of 1 to 2 percentage
points over 12-18 months. Apartment towers take far longer to
get approved and built, spreading the gains over several years.

Jul 21, 2014

Asian stocks shade firmer, upbeat on US earnings

SYDNEY, July 21 (Reuters) – Asian stocks were a fraction
firmer on Monday as investors set aside geopolitical concerns
for the moment to focus on the generally upbeat flow of U.S.
corporate earnings ahead of a host of results due this week.

Volumes were light, however, with Japanese markets on
holiday. MSCI’s broadest index of Asia-Pacific shares outside
Japan added 0.24 percent, with small gains for
most markets across Asia.

Jul 21, 2014

Asian stocks edge higher, upbeat on US earnings

SYDNEY (Reuters) – Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.

Volumes were light, however, with Japanese markets on holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.13 percent, while South Korea .KS11 put on 0.4 percent.

Jul 16, 2014

Asian stocks steady as China GDP growth hits target

SYDNEY, July 16 (Reuters) – Asian stocks held stubbornly
steady on Wednesday after China reported economic growth that
was just ahead of market expectations, drawing a sigh of relief
from investors rather than outright applause.

China’s economy expanded by 2.0 percent in the second
quarter from the previous quarter, taking annual growth to 7.5
percent. Retail sales and industrial output were either in line
with forecasts or slightly higher.

Jul 16, 2014

Asia stocks manage muted cheer for China growth

SYDNEY, July 16 (Reuters) – Asian stocks held stubbornly
steady on Wednesday after China reported economic growth that
was just ahead of market expectations, enough to prompt a sigh
of relief from investors, but little else.

China’s economy expanded by 2.0 percent in the second
quarter from the previous quarter, taking annual growth to 7.5
percent. Retail sales and industrial output were either in line
with forecasts or slightly higher.

Jul 16, 2014

Asia stocks brace for China test, oil on the slide

SYDNEY (Reuters) – Asian stocks held steady on Wednesday as markets braced for a data deluge from China, while a slide in oil prices to the lowest in over three months was taken as a potential positive for global growth.

Chinese reports on gross domestic product, retail sales and industrial output are expected to confirm the economy stabilized in the second quarter after a shaky start to the year.

Jul 8, 2014

Asia shares pause after recent climb, eyes on earnings

SYDNEY (Reuters) – Asian stocks were subdued on Tuesday as Wall Street turned cautious ahead of the corporate reporting season and as earnings guidance from regional tech heavyweight Samsung came in well short of forecasts.

Investors could also be forgiven for feeling a touch of altitude sickness after many indices recently hit all-time or multi-year peaks.

Jul 3, 2014

Australia dollar overvalued as rebalancing act takes time-RBA

HOBART, July 3 (Reuters) – Australia’s economic rebalancing
away from the mining boom is still in its early stages, a top
central banker said on Thursday, while cautioning investors they
were underestimating the risk of sharp fall in the local dollar.

The warning on the currency from Reserve Bank of Australia
(RBA) Governor Glenn Stevens had the desired impact – knocking
the local dollar down half a U.S. cent to $0.9380.

Jul 2, 2014

Asia shares score 3-year high on economic optimism

SYDNEY, July 2 (Reuters) – Asian stocks scored a three-year
peak on Wednesday after a round of upbeat global economic data
whetted risk appetites and helped Wall Street taste all-time
highs.

Dealers said fund managers were rotating money out of bonds
and into equities for the start of the second half of the year,
nudging up U.S. Treasury yields.

Jul 2, 2014

Asia shares score three-year high as data cheers

SYDNEY (Reuters) – Asian stocks scored a three-year peak on Wednesday after a round of upbeat global economic data whetted risk appetites and helped Wall Street taste all-time highs.

Dealers said fund managers were rotating money out of bonds and into equities for the start of the second half of the year, nudging up U.S. Treasury yields.