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☆ Asia shares extend rally as China mood turns less bleak
▼ + stars: | 2023-09-04 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.0%, having climbed 2.3% last week. EUROSTOXX 50 futures added 0.3% and FTSE futures rose 0.4%. Central banks in Canada and Australia hold their own meetings this week and both are expected to hold rates steady.

Persons: Aly, Stocks, Goldman Sachs, Treasuries, Christine Lagarde, Brent firmed, Wayne Cole, Shri Navaratnam Organizations: REUTERS, Federal, Country Garden, Japan's Nikkei, Nasdaq, Holdings, Federal Reserve, European Central Bank, Thomson Locations: Shanghai, Shenzhen, China, U.S, SYDNEY, Beijing, United States, Asia, Pacific, Japan, Canada, Australia, Saudi Arabia

☆ Asia shares hesitant, yen slide stokes intervention risk
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Markets imply a 90% probability of a rate hike to 3.75% in July and a peak around 4.0%. The euro responded by climbing to $1.0957, while surging on the low-yielding yen to a 15-year peak of 157.97. The dollar rose to a near eight-month peak of 144.18 yen, before easing back to 143.87 as Japanese officials again protested the weakness in the yen. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy. “So we now see a higher risk Japanese authorities will step into the market to prop up the JPY.”In commodities, gold steadied at $1,915 an ounce, after finding support at the recent three-month low of $1,909.99.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Japan’s Nikkei, Nasdaq, Wall, Washington, Nvidia, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, China, Europe

☆ Asia shares subdued, yen shunned as euro shines
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

“The data indicated a firmer pace of residential, inventory, and equipment investment in the second quarter,” wrote analysts at Goldman Sachs. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro at $1.0950, while keeping it near a 15-year peak of 157.97 yen. The dollar had hit a near eight-month top of 144.18 yen, before easing back to 143.96 as Japanese officials again protested against the yen’s weakness. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Advantest, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Wall, Journal, Nvidia, Nikkei, Chip, Tokyo, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, Beijing, Washington, China, Europe

People walk through the City of London financial district during rush hour in London, Britain, October 3, 2022. Asia's main markets had struggled overnight but Europe's STOXX 600 (.STOXX) made a 0.5% early gain as both the pound and UK government bonds rallied in London. Invesco's director of macro research Ben Jones said the UK's volatility would remain a key focus for global markets. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%. The rise of the dollar and global bond yields have been a drag for gold, which was stuck at $1,648 an ounce .

☆ Asia shares ease, major test looms for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds, now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.4% at $1.1219 , but off the early high with trading sparse in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ Asia shares slip, testing times for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1233 , but trading was sparse with little liquidity in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ Asia shares slip, make or break day for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1240 , but trading was sparse with little liquidity in Asia. In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.5% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ Stocks slip in Asia, brace for CPI and earnings
▼ + stars: | 2022-10-10 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read more read moreHolidays in Japan and South Korea made for thin trading in Asia, while the Treasury market is also shut on Monday. "The September CPI report should show a moderation in goods prices that is a likely harbinger of a broader slowing in core inflation," he said. "But the Fed will not be responsive to a whisper of inflation moderation as long as labour markets shout tightness." One likely bone of contention will be the strength of the dollar which will pressure offshore earnings. Oil prices edged higher after Brent climbed 11% last week in the wake of a deal on supply reductions by OPEC+.

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