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Nov 3, 2015

Australia’s RBA holds rates, puts easing on table

SYDNEY, Nov 3 (Reuters) – Australia’s central bank kept its
cash rate steady at a record low of 2.0 percent on Tuesday, but
said subdued inflation meant there might be room for a further
easing if needed to support the economy.

The Reserve Bank of Australia (RBA) disappointed some by not
cutting straight away at its monthly policy meeting, though the
shift to an explicit easing bias kept alive the prospect of a
move at some stage.

Nov 3, 2015

Asia shares look to break losing streak

SYDNEY (Reuters) – Asian share markets crept ahead on Tuesday after the benchmark for U.S tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.4 percent after losing ground for five straight sessions. Australian stocks .AXJO bounced 1.2 percent, recouping a little ground after a vicious run of selling.

Nov 2, 2015

Global factories struggle as stimulus fails to spur

LONDON/SYDNEY (Reuters) – Massive monetary stimulus from Chinese and European central banks has done little to spur factory growth, moving a debate over more easing up the agenda and raising doubts over whether U.S. interest rates will rise this year.

A crop of industry surveys out on Monday pointed to October as another subdued month. Activity in China’s colossal factory sector shrank as global demand stuttered while euro zone factories again resorted to slashing prices to drum up trade.

Oct 28, 2015

Australia inflation surprisingly soft, opens door to rate cut

SYDNEY, Oct 28 (Reuters) – Australian inflation was
surprisingly subdued last quarter with few signs of price
pressures right across the economy, an open invitation to
further cuts in interest rates that sent the local dollar
sharply lower.

The Australian currency shed three quarters of a U.S. cent
as key measures of underlying inflation rose by just 0.3 percent
in the third quarter, the smallest increase since 2011 and below
market forecasts of 0.5 percent.

Oct 27, 2015

Asia shares run out of puff, commodities pressured

SYDNEY, Oct 27 (Reuters) – Asian share markets swung lower
on Tuesday after a four-week romp higher ran out of puff and
investors took cover ahead of central bank meetings in the
United States and Japan later in the week.

Bourses across the region were coloured red, with MSCI’s
broadest index of Asia-Pacific shares outside Japan
slipping 0.7 percent.

Oct 27, 2015

Asia turns cautious as central bank decisions loom

SYDNEY (Reuters) – Asian share markets paused for breath on Tuesday after a four-week romp higher, as investors took cover ahead of central bank meetings in the United States and Japan later in the week.

Moves were modest with MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS off 0.07 percent. Japan’s Nikkei .N225 dipped 0.1 percent, though remained near a two-month high.

Oct 26, 2015

RBA may become reluctant rate cutter as ECB looks to ease

SYDNEY, Oct 27 (Reuters) – Australia may have to cut
interest rates to prevent an unwelcome rise in its currency as
central banks abroad unleash another round of global easing,
even though it risks pouring fuel on a hot housing market at
home.

While the Reserve Bank of Australia (RBA) has sounded loath
to reduce rates from already record lows of 2 percent, it might
have no choice in a world where extreme easing policies are
driving bond yields negative in more and more countries.

Oct 25, 2015

Emerging currencies’ fate looms large in rich world rates policy

SYDNEY (Reuters) – The fate of emerging market currencies is looming ever larger in the outlook for interest rates in the advanced world, promising that their central banks will keep policies super loose for some time to come.

Ever since China sprang a surprise depreciation of the yuan in August, the resulting decline of a whole host of emerging market (EM) currencies has produced a disinflationary pulse that the world is ill prepared to withstand.

Oct 21, 2015

Asia shares lag behind Nikkei, euro firm for ECB

SYDNEY, Oct 21 (Reuters) – Asian shares turned mixed on
Wednesday as soft export data kept investors cautious ahead of
the European Central Bank’s policy meeting later in the week,
though Japan’s market was having a go at setting a new peak for
the month.

MSCI’s broadest index of Asia-Pacific shares outside Japan
dithered either side of flat with no clear trend
evident across the region.

Oct 21, 2015

Asia shares inch ahead, euro firm before ECB

SYDNEY (Reuters) – Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank’s policy meeting later in the week.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was a fraction firmer. Japan’s Nikkei .N225 added 0.8 percent, while South Korea’s KOSPI .KS11 rose 0.6 percent.