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Dec 19, 2014

Asian stocks extend bounce on Wall Street, Fed cheer

SYDNEY (Reuters) – Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.

The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs and increased consumer spending power.

Dec 18, 2014

Asian stocks catch Wall Street tailwind

SYDNEY (Reuters) – Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.

The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs and increased consumer spending power.

Dec 18, 2014

Asia relieved by Wall St bounce, upbeat Fed

SYDNEY, Dec 18 (Reuters) – Asian share markets rallied on
Thursday after U.S. stocks enjoyed their strongest session this
year when the Federal Reserve sounded upbeat on the economy and
promised to be patient in removing policy stimulus.

The jitters of recent days also calmed a touch as Russia
managed to stabilise its rouble, if only for now, and oil prices
stopped plunging. As risk aversion ebbed, U.S. bond yields rose
and the dollar regained some lost ground.

Dec 18, 2014

Asia encouraged by Wall Street bounce, upbeat Fed

SYDNEY (Reuters) – Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.

The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble, if only for now, and oil prices eked out a rare bounce. As risk aversion ebbed, U.S. bond yields rose and the dollar regained some lost ground.

Dec 17, 2014

Asia comforted by strong Wall St, confident Fed

SYDNEY, Dec 18 (Reuters) – Asian shares rallied on Thursday
after U.S. stocks enjoyed their strongest session this year when
the Federal Reserve sounded upbeat on the economy and promised
to be patient in removing policy stimulus.

The jitters of recent days also calmed a touch as Russia
managed to stabilise its rouble, if only for now, and oil prices
eked out a rare bounce. As risk aversion ebbed, U.S. bond yields
rose and the dollar regained some lost ground.

Dec 17, 2014

Investors take cover amid Russia crisis, oil slide

SYDNEY (Reuters) – An uneasy calm settled on Asian markets on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds.

Yields on British, German and Japan sovereign debt had all hit record lows while long-dated U.S. yields reached their lowest since late 2012.

Dec 16, 2014

Investors shun risk amid Russia crisis, oil collapse

SYDNEY (Reuters) – World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. Treasuries.

The jump in the yen is likely to pressure Japan’s Nikkei .N225 while fears of capital flight will haunt emerging markets across Asia. MSCI’s index of Asia-Pacific shares outside Japan .MIAPJ0000PUS is already at nine-month lows.

Dec 16, 2014

Global Economy – World set to end year in brittle economic state

LONDON/SYDNEY (Reuters) – The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiralling currency crisis.

“These are uncertain times again and there is a risk of another global downturn,” said Stephen Webster, chief European economist at 4CAST.

Dec 16, 2014

World set to end year in brittle economic state

LONDON/SYDNEY (Reuters) – The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.

“These are uncertain times again and there is a risk of another global downturn,” said Stephen Webster, chief European economist at 4CAST.

Dec 15, 2014

Australia’s budget deficit blows out amid commodity slide

SYDNEY (Reuters) – Australia’s government forecast its budget deficit would balloon to A$40.4 billion ($33.2 billion) in the year to June as falling prices for key resource exports and sluggish wage growth blew a gaping hole in tax revenues.

Releasing his midyear budget outlook on Monday, Treasurer Joe Hockey predicted the economy would grow by 2.5 percent in 2014/15 before picking up to 3.5 percent over the next few years, while unemployment was likely to peak at 6.5 percent.