Wayne's Feed
Feb 26, 2015

Australia business investment at 3yr low, outlook tough

SYDNEY, Feb 26 (Reuters) – Australian business investment
fell to a three-year low last quarter as miners retrenched in
the face of sliding commodity prices, a black mark for the
economy that adds to the case for further cuts in interest
rates.

Thursday’s figures from the Australian Bureau of Statistics
showed investment fell 2.2 percent to A$37.47 billion ($29.4
billion) in the fourth quarter of 2014, the lowest result since
late 2011.

Feb 24, 2015

Asia tentative, awaiting word on Fed rate outlook

SYDNEY (Reuters) – Caution shrouded Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say on the likely lift-off date for policy tightening later in the session.

Moves were marginal at best and MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched down 0.1 percent. The Nikkei .N225 dithered either side of flat after scoring a run of 15-year highs.

Feb 19, 2015

Japan shares hit 15-year peak; yields drop on Fed view

SYDNEY (Reuters) – The U.S. dollar was nursing losses in Asia on Thursday while bonds held hefty gains as investors scaled back expectations on how fast, and how far, the Federal Reserve might raise interest rates in coming months and years.

Japan’s Nikkei rose 0.6 percent to heights last seen in 2000 helped by gains in financial and shipping companies.

Feb 18, 2015

Yields, dollar drop as Fed seen delaying hike

SYDNEY (Reuters) – The U.S. dollar was nursing losses in Asia on Thursday while bonds held hefty gains as investors scaled back expectations on how fast, and how far, the Federal Reserve might raise interest rates in coming months and years.

Oil prices also tumbled anew as figures showed U.S. crude supplies had grown by five times more than forecast last week. U.S crude CLc1 prices were down $1.78 at $50.36 a barrel early Thursday, from a high of $53.41 the day before.

Feb 16, 2015

Tokyo shares at 8-yr peak, Greek talks loom

SYDNEY (Reuters) – Japanese shares touched an eight-year high on Monday following a record close on Wall Street, with investors cautiously optimistic the European Union would make progress this week on a debt deal with Greece.

Oil prices faded after an early spurt, while the major currencies stayed locked in recent tight ranges.

Feb 16, 2015

Asia shares edge up, Greece uncertainty lingers

SYDNEY (Reuters) – Most Asian share markets were fractionally higher on Monday following a record close on Wall Street, with investors cautiously optimistic the European Union would make progress this week on a debt deal with Greece.

Oil prices extended their bounce as Brent topped $62 a barrel, while the major currencies stayed locked in recent tight ranges.

Feb 11, 2015

Australian exception reverts to the mean as yields sink

SYDNEY, Feb 12 (Reuters) – After a good financial crisis,
with sound finances, robust banks and buoyant Chinese demand for
its commodities, the returns that made Australia a magnet for
investors are buckling under the weight of negative yields
elsewhere.

Foreign funds have poured money into Australia, the only
advanced economy to avoid recession after the global crisis,
drawn to its booming services sector, agricultural and mineral
resources and relatively high interest rates – so much so that
they threatened its competitiveness by keeping the local dollar
too strong.

Feb 11, 2015

Stocks, currencies wary of Greek confusion

SYDNEY, Feb 11 (Reuters) – Asian stock markets turned
cautious on Wednesday while the U.S. dollar crept higher as
looming euro zone meetings to discuss the Greek debt crisis
threatened to produce more confusion than clarity.

Euro zone finance ministers meet later on Wednesday and EU
leaders on Thursday, but officials are already downplaying the
chance of a breakthrough.

Feb 11, 2015

Global stocks, currencies count down to Greek meetings

SYDNEY (Reuters) – Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street.

Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, but officials are already downplaying the chance of a breakthrough.

Feb 11, 2015

Global Markets – Asia subdued by Greek uncertainty

SYDNEY (Reuters) – Asian markets got off to a cautious start on Wednesday as looming euro zone meetings over Greece overshadowed a firmer finish on Wall Street.

Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, but officials are already downplaying the chance of a breakthrough.