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Asian Stocks ImprovedTitle:
Asian shares gain, euro steadies as Greek talks in final stage
(Reuters) - Asian shares hit their highest level in more than five months on Wednesday and the euro hovered close to an 8-week high as investors kept hopes alive for an agreement on details of a new Greek bailout package despite further delays.
Financial spreadbetters expected Britain's FTSE 100, Germany's DAX and France's CAC-40 to open about 0.2-0.3 percent higher.
MSCI's broadest index of Asia Pacific shares outside Japan, after a slow start, rose 0.9 percent to its highest in more than ...
Title:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
Title:
Sharp gains in Asia as manufacturing improved across the globe
As the manufacturing sector showed improvement in January in China, Germany, the Euro-zone, UK and the US, fears from the deteriorating global economy diminished, increasing demand on the risky higher yielding assets, including the Asian stocks, where the MSCI Asia Pacific Index rose 1% at 14:50 in Tokyo.
January’s PMI manufacturing was stronger across the globe, easing the worries over the ongoing euro zone debt crisis since Greece did not reach a deal with bondholders yet, and the US weak ...
Title:
Dukascopy Morning Forex Overview : 31/01/2012
Fundamental Analysis
EUR
" figures seem to indicate that the euro zone recession is bottoming out"
- Peter Vanden Houte, an economist at ING Group in Brussels
Euro-area economic confidence improved less than expected in January as the region’s economy is moving toward a recession despite leaders’ efforts to revive growth.
USD
"Despite the healthy gains in income, U.S. consumers appear to have rediscovered a new sense of frugality"
- Millan Mulraine, an economist at TD Securities
U.S. ...
Title:
Asian stocks advance on Greece and Japan; focus turns to key economic data
Asian stocks managed to advance today where the MSCI Asia Pacific Index gained 0.4% at 16:01 in Tokyo, as Greece might reach a deal with private bondholders this week, Japan’s factory output climbed the most in seven months while EU leaders backed plans for greater fiscal integration in Europe.
Sentiment improved across Asia today after Greek Prime Minister Lucas Papademos raised hopes that a deal with private bondholders might be reached this week, which will avoid a messy default. He admitted ...
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Markets cheered by Fed rate outlook
(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 ...
Title:
Greek debt uncertainty checks share rally
(Reuters) - The stalemate in talks to restructure privately held Greek debt checked gains in European shares and kept the euro steady ahead of a two-day finance ministers meeting that is expected to decide the terms of further aid for Greece.
Private creditors said on Sunday they had come to the limits of the losses they could concede in a Greek debt swap, putting the ball in the court of the EU and the IMF in a tense race against the clock to avoid a messy default.
"It is uncertain what will ...
Title:
Brent crude oil climbs above $111 on growth hopes
Brent crude oil rose above $111 on Thursday as risk appetite improved on hopes the euro zone debt crisis was slowly being resolved and on signs of steadier global economic growth.
European shares .FTEU3 rose for a fourth straight session towards 5-1/2-month highs on signs Greece would agree a crucial bond swap deal with private creditors. Global stocks as measured by the MSCI index .MIWD00000PUS were up more than 0.6 percent, their highest since October 31. .EU
U.S. stocks also edged higher ...
Title:
Brent rises above $112 on weak dollar, demand growth hopes
(Reuters) - Brent crude rose above $112 on Wednesday as the dollar weakened and a slew of positive economic indicators, from China to the United States, eased demand concerns triggered by the debt crisis in Europe.
Asian shares, the euro and base metals held steady after the positive data, although market participants have now shifted focus to Europe with Portugal testing investor confidence in a debt sale, and as talks of a default by Greece resurface.
Front-month Brent crude rose 52 cents to ...
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