Asian Peers On Fresh

Forex Morning Briefing : RBA surprises with 50 bps cut What’s new: Forex: Aussie tumbles on RBA rate cut; euro off two-week lows against yen Global Markets: Asian shares hurt by concerns over US and European economies, lifted by RBA Australia: RBA cuts rates by 50 bps to 3.75 percent China: Manufacturing PMI rises as expected to 53.6 Euro zone: Eurogroup head quits citing intolerance to Franco-German interference Euro zone: Spain slips back into recession United States: Fed’s Fisher and Williams say no need for further monetary easing United States: ISM manufacturing index due today at 16:00 CET Rates in Asia and Indices: EUR/USD 1.3234 1.3260 0.11 % USD/CHF 0.9060 0.9077 0.11 % GBP/USD 1.6212 1.6241 -0.07 % USD/JPY 79.64 79.95 ...

Asian shares drifted lower on Wednesday, after rallying the previous session on hopes for further stimulus from the Federal Reserve, as investors waited for more clues on the state of the U.S. economy. European equity markets were likely to follow weaker Asian peers, with financial spreadbetters predicting major European markets .FTSE .FCHI .GDAXI to open down 0.2 to 0.3 percent. U.S. stock futures were steady. .EU .L .N MSCI's broadest index of Asia Pacific shares outside Japan .MIAPJ0000PUS fell 0.4 percent, after rising more than 1 percent to a one-week high on Tuesday. At current levels, the index is set for a quarterly gain of about 12 percent, the best showing since the third quarter of 2010. "It is natural to see a pause since equities markets have been on an uptrend for five ...

(Reuters) - European shares traded near eight-month highs on Thursday as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt. Improving U.S. economic data and a signal from the Federal Reserve that it was not planning further monetary easing measures for now has sparked a big selloff in U.S. government debt, lifted the greenback against a basket of currencies and eased prices of commodities traded in dollars. "Investor sentiment has completely changed. In the past, people were expecting (U.S.) growth of around 1.5 percent but now they say growth could top three percent," said Hiroshi Yokotani, director of fixed income at Alliance Bernstein. World equities markets shared in the gains on Wednesday ...

Fundamental Analysis EUR " is a crucial step forward toward the adoption of the second program" - Olli Rehn, EU Economic and Monetary Affairs Commissioner Germany and the European Commission welcomed Greek approval of additional austerity measures required to secure a 130 billion euro bailout from international lenders. USD "It’s a continuation of the bull market and we’re encouraged by what we are seeing in Europe" - Laszlo Birinyi, president of Birinyi Associates Inc. U.S. stocks rose on Monday after Greek lawmakers turned austerity plan into law to secure rescue funds from the International Monetary Fund and Europe. GBP "Growth is starting again because we’ve got tentative signs of optimism" - John Cridland, CBI Director-General The Confederation of British Industry said the nation ...

(Reuters) - Equities, commodities and the euro extended gains on Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth. The prospect for unfavorable interest rate differentials undermined the dollar, pushing it to a five-week low against the euro as the U.S. central bank took the spotlight away from Europe's debt woes. MSCI's broadest index of Asia-Pacific shares outside Japan rose to its highest in nearly 3 months and was up 1.1 percent, led by the materials and energy sectors as oil and gold extended their overnight rally. Hong Kong shares .HSI, which resumed trading after a three-day Lunar New Year holiday, outperformed Asian peers on fresh buying in commodities-related ...

(Reuters) - Worries over Europe's banks and uncertain prospects for a hefty slate of euro zone debt sales this week kept markets volatile on Monday, with shares weaker and the single currency off lows but vulnerable to further losses. German and U.S. data provided some relief but the euro zone's deep-seated problems kept top European shares gave up early gains to be slightly weaker, falling 0.3 percent to 1010.40 points, having been hit last week by worries over bank capital raising plans following a deeply discounted rights issue by UniCredit (CRDI.MI). Shares in Italy's biggest bank by assets fell again investors wary, and a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy later today will be closely watched for fresh developments. The MSCI world ...

(Reuters) - Asian shares and commodities fell on Tuesday, after a shock announcement that Greece will hold a referendum on a new EU bailout deal for the debt-ridden country threw efforts to resolve the euro zone's debt crisis into fresh doubt. A retreat from riskier assets boosted the dollar, although it slipped from Monday's three-month peak against the yen that followed Japan's record one-day currency market intervention estimated by local media at as much as 10 trillion yen ($128 billion). The euro came under renewed pressure amid growing doubts about the effective implementation of a plan agreed just last week to contain Europe's debt crisis, while European stock markets were expected to fall. The single currency has given up all of the gains made in a run to as high as $1.4247 last ...

(Reuters) - The euro dropped 1 percent and European stock index futures fell on Monday, following a slide in Asian shares, after a meeting of European policymakers' produced no new ideas for solving the continent's crippling sovereign debt crisis. A weekend of disappointing news from the euro zone prompted market players to cut risk and move into gold and U.S. Treasuries, even as speculation grew that the Federal Reserve would announce further policy easing moves to stimulate the sputtering U.S. economy at a meeting this week. Euro STOXX 50 index futures fell 2 percent, and DAX and CAC-40 futures also dropped sharply, while financial bookmakers called for the FTSE 100 .FTSE to open down as much as 1 percent. .EU .L "I guess it's just the lack of progress in Europe and the realization ...

FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400) USD The euro continued its slide as Asian markets opened on a very weak footing. Major equity indices are trading weaker as fears of further escalation in the Eurozone crisis increased. German media reported over the weekend that the Finance Ministry was already looking at contingencies in the event of a Greece downgrade, while the Economics Minister of Germany also warned that talk of Greece default should not be considered taboo. EU Commissioner Almunia also noted that new rescues could not be ruled out. Despite speculation to the contrary on Friday, Greece did not announce any default over the weekend as PM Papandreou announced an intention to stay the course. In addition, a new property tax was announced by the finance ministry in a bid to ...