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Apr 15, 2015

Beijing boasts economic predictive power, markets more sceptical

SYDNEY, April 15 (Reuters) – Beijing’s success in predicting
the pulse of the world’s second largest economy was on full view
on Wednesday as growth handily matched its stated target, even
if, for some analysts, the numbers don’t always appear to add
up.

It was also the 15th straight quarter where growth proved to
be either at or very close to market consensus, a rare run that
shows how economists have come to mold their forecasts to
anticipate the official line.

Apr 15, 2015

Asia stocks falter as China loses its mojo

SYDNEY, April 15 (Reuters) – Asian markets stumbled on
Wednesday as relief China had matched its own growth target was
soured by poor readings on consumer demand and industrial
activity, underlining the need for more policy action by
Beijing.

European stock markets were, however, expected to open flat
to higher. Financial spreadbetter Capital Spreads predicted
Britain’s FTSE 100 to open flat on Wednesday, Germany’s
DAX to gain 29 points, or 0.2 percent, and France’s CAC
40 to rise 16 points, or 0.3 percent.

Apr 15, 2015

Global Markets – Asia braced for China data after U.S. disappoints

SYDNEY (Reuters) – Asian share markets took a cautious stance on Wednesday ahead of an anxiously-awaited reading on China’s growth pulse, while the dollar nursed losses after a disappointing reading on consumer spending nudged bond yields lower.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was all but flat, while Japan’s Nikkei .N225 inched down 0.2 percent.

Apr 15, 2015

Asia braced for China data after U.S. disappoints

SYDNEY (Reuters) – Asian share markets took a cautious stance on Wednesday ahead of an anxiously-awaited reading on China’s growth pulse, while the dollar nursed losses after a disappointing reading on consumer spending nudged bond yields lower.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was all but flat, while Japan’s Nikkei .N225 inched down 0.2 percent.

Apr 14, 2015

Asia shares hesitate, Singapore stands pat on policy

SYDNEY (Reuters) – Asian share markets got off to a hesitant start on Tuesday as Singapore disappointed expectations of policy easing while Wall Street was weighed down by worries over the corporate earnings season.

The Monetary Authority of Singapore (MAS) kept its policy unchanged, contrary to the expectation of majority of 25 analysts polled by Reuters. The central bank’s announcement lifted the local dollar.

Apr 14, 2015

Global Markets – Asia shares hesitate, Singapore stands pat on policy

SYDNEY (Reuters) – Asian share markets got off to a hesitant start on Tuesday as Singapore disappointed expectations of policy easing while Wall Street was weighed down by worries over the corporate earnings season.

The Monetary Authority of Singapore (MAS) kept its policy unchanged, contrary to the expectation of majority of 25 analysts polled by Reuters. The central bank’s announcement lifted the local dollar SGD=.

Apr 10, 2015

Cooling home loan demand widens scope for Australia rate cut

SYDNEY, April 10 (Reuters) – Demand for home loans in
Australia seems to be coming off the boil just in time to allay
policymakers’ concerns about a speculative spiral in house
prices, so widening scope for a cut in interest rates next
month.

Talk of a housing “bubble” has been rife in the media in
recent months and was cited as one reason the Reserve Bank of
Australia (RBA) skipped a chance to ease further at its April
policy meeting this week.

Apr 8, 2015

Japan shares flirt with 15-yr high, BOJ awaited

SYDNEY, April 8 (Reuters) – Japanese shares probed 15-year
peaks on Wednesday as Asian stocks benefited from speculation of
more stimulus from China and Japan, as well as a delayed start
to any tightening by the U.S. Federal Reserve.

The chase for yield in emerging markets helped offset a flat
finish for Wall Street, where a higher dollar was viewed as a
threat to multinational corporations’ profits.

Apr 8, 2015

Japan shares test 15-year highs, dollar in demand

SYDNEY (Reuters) – Japanese shares were probing 15-year peaks Wednesday as investors favored Asian assets on expectations of more stimulus from countries such as China and Japan, as well as a delayed start to any tightening by the U.S. Federal Reserve.

The chase for yield in emerging markets overshadowed a flat finish for Wall Street, where a swing higher in the dollar was viewed as a threat to multinational corporations’ profits. Oil prices also suffered a setback on data showing a jump in crude stockpiles.

Apr 7, 2015

Australia’s RBA skips on rate cut, focus shifts to May

SYDNEY (Reuters) – Australia’s central bank kept interest rates steady for a second month on Tuesday to defy market pressure for a cut, but the stars are better aligned for a move in May.

The Reserve Bank of Australia’s (RBA) decision to hold at 2.25 percent surprised many investors who had wagered plunging prices for iron ore, the country’s biggest single export earner, would force its hand. The local dollar shot up three quarters of a U.S. cent to $0.7900 as a consequence.