Asian News

[Ichiro]

4sep-ap-euro rises against $


"The dollar lost ground against the three major currencies on Friday even after the latest snapshot of U.S. employment came in better than expected.
"


for info:

http://biz.yahoo.com/ap/060904/euro_dollar.html?.v=1

 

[Ichiro]

4sep-bloomberg-bank of america sees yen rising

by kosuke goto

"The yen may rise starting this month on speculation finance ministers from the Group of Seven nations will reiterate their call for stronger Asian currencies, according to Tomoko Fujii, a strategist at Bank of America N.A."

"``Traders seem not to have fully factored in this month's key event risks for the dollar-yen,'' said Fujii at Bank of America in Tokyo. ``The issue of global imbalances, featured by China's trade surplus and the U.S. current-account deficit, will certainly appear on the agendas of the G-7.''


"The yen may rise to 112 against the dollar by year-end, Bank of America forecasts, a level not breached since June 5. Japan's currency gained to 116.43 per dollar as of 7:45 a.m. in London, the biggest advance in five weeks, from 117.09 on Sept. 1 in New York."

for info:

http://www.bloomberg.com/apps/news?pid=20601101&sid=aSGKIvPLIUxs&refer=japan

 

[Ichiro]

4spe-bloomberg-uuan rises

by chirsitna soon

" Traders have increased bets, based on prevailing government policy, on how much the yuan will climb in the next three months, according to forwards contracts. They imply the yuan would strengthen to 7.8818 in December, if freely traded, from a Sept. 1 three-month rate of 7.8945."

for info:http://www.bloomberg.com/apps/news?pid=20601083&sid=aGGFS3l.KU.E&refer=currency

 

[Ichiro]

6sep-bloomberg-uen climb as fukui may signal rate increase

by kabir chibber

``Overseas funds are buying the yen,'' said Satoshi Tate, a senior vice president of the foreign-exchange division in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest lender by assets. ``There's speculation the BOJ Governor may not be so dovish'' after the meeting ends on Sept. 8."

``The Japanese economy remains firm, exemplified by strong capital spending,'' said Yuji Kameoka, a senior economist and currency analyst at Daiwa Institute of Research, a unit of Daiwa Securities Group Inc., Japan's second-largest brokerage. ``I still expect the bank to raise rates as early as November.''

for info:

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aBguuvgy0RlM

 

[Ichiro]

7sep-retuers-yen, on g7 agenda, jumps vs $

by sujata rao

"Thomas Mirow told reporters in Berlin the "yen had clearly weakened against the euro and the dollar" -- an issue that would be discussed at the mid-September meeting in Singapore.

Analysts said the comments reflected euro zone governments' unease about the euro's strength against the Japanese currency."

for info:
http://yahoo.reuters.com/news/artic...d=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage3

 

[Ichiro]

7sep-reuters-nikkei posts biggest pct fall in month'


by risa maeda

"Tatsuo Nishimura, portfolio manager at Meiji Dresdner Asset Management, said the Tokyo market has been ripe for a correction given that it hit a three-month closing high earlier this week.

"A market correction looks reasonable as the recent run-up has had little fresh fundamental news behind it," he said."


for info:http://yahoo.reuters.com/news/artic...-09-07_08-29-32_T124003&type=comktNews&rpc=44

 

[Ichiro]

8aug-reuters-us stock future rise as oil falls


"U.S. stock futures gained on Friday as oil slipped to a new five-month low and investors looked to end the week on a high after equities suffered in the previous two days on uncertainty over U.S. interest rate policy.

There is little on the earnings or economic calendars but Federal Bank of Cleveland President Sandra Pianalto is due to speak on inflation and monetary policy at 1400 GMT."

for info:http://yahoo.reuters.com/news/artic...625849_RTRIDST_0_MARKETS-STOCKS-US-EUROPE.XML

 

[Ichiro]

8aug-reuters-yen edges off

by sujata rao

"The yen hovered below a one-month peak against the euro on Friday after Bank of Japan governor Toshihiko Fukui said he did not expect the yen to be at the centre of talks at the upcoming Group of Seven meeting.

Fukui also said the BOJ would raise rates gradually which, analysts said, would keep the yen at a disadvantage in terms of interest rate differentials with the U.S. and euro area. "


for info:http://yahoo.reuters.com/news/artic...L0879510_RTRIDST_0_MARKETS-FOREX-UPDATE-4.XML

 

[Ichiro]

8aug-cnnmoney-stock set for a higher open

"U.S. stocks were poised to rebound a little at Friday's open, as investors who have worried this week about interest rates prepare to get back into the market.

At 6:10 a.m. ET, Nasdaq and S&P futures were higher."

for info:

http://money.cnn.com/2006/09/08/markets/stockswatch/index.htm?source=yahoo_quote

 

[Ichiro]

8aug-ap-bank of japan leaves rates unchanged.


"The Bank of Japan left interest rates unchanged Friday amid speculation about when the nation's central bank will next tighten credit as the economy recovers.

Bank of Japan Gov. Toshihiko Fukui provided few clues, merely saying that recent data showing weak inflation didn't change the bank's overall view on prices.

"We will adjust interest rate levels slowly," while keeping a close eye on economic and price moves ahead, Fukui told reporters at the end of the bank board's two-day meeting."

For info:http://biz.yahoo.com/ap/060908/japan_central_bank.html?.v=10

 

[Ichiro]

8aug-bloomberg-japan's consuimer prices to keep rising

by lily nomomiya

"Bank of Japan Governor Toshihiko Fukui said consumer prices will keep rising, reinforcing speculation that the central bank will increase interest rates before the end of the year."

``Prices are basically on a positive trend,'' Fukui told reporters in Tokyo today. Last month's revision to the way consumer prices are measured ``won't prompt us to change our basic stance.''

" The yen may strengthen to 115 per dollar next week, according to Mizuho's Fukui, who isn't related to the governor. The yen traded at 116.45 against the dollar at 11:09 a.m. in London, from 116.43 in late New York yesterday and 117.09 a week ago."

for info:

http://www.bloomberg.com/apps/news?pid=20601101&sid=avxq9iHepW1M&refer=japan

 

[Ichiro]

8aug-euopean stocks rise in first time in 4 dyas

by adria cimino

"European stocks advanced for the first time in four days on speculation earnings and economic growth will increase even as interest rates move higher."

for info:

http://www.bloomberg.com/apps/news?pid=20601085&sid=a9qE.Ux6SE1E&refer=europe

 

[Ichiro]

9sep-dailyfx-japanese yen ready to take off

by jamie saettele

"117.05 needs to hold as resistance in order for the bearish scenario to play out. Bollinger bands on the daily are tight and favor a breakout; a move lower could be violent. The 10 day SMA is turning (negative slope), which favors the downside. Prices below the 9/5 low at 115.55 strengthen the above idea. "

for info:

http://www.dailyfx.com/story/dailyfx_reports/Dollar_Nears_End_of_Rally_1157713917826.html

 

[Ichiro]

8aug-bloomberg-china will be proactive on yuan

by gemma dalye

"China, under pressure to let the yuan strengthen, will be ``more proactive and progressive'' in letting the market set the currency's value, Finance Minister Jin Renqing said."

" ``We could actually see a faster appreciation of the yuan over the next few months'' as China seeks to slow the economy, said Hans Goetti, managing director in Singapore at Citigroup Private Bank, which oversees about $1.5 billion in Asia. ``At the end of the day, China will decide, based on their domestic agenda, how fast they will move.''

for info:
http://www.bloomberg.com/apps/news?pid=20601080&sid=aMJlPRl0niCk&refer=asia

 

[Ichiro]

8aug-japan's stocks rises as lending climbs, rates remain unchaged


by makiko suzuki

"Japanese stocks gained after bank lending climbed for a seventh straight month and the Bank of Japan left interest rates unchanged to bolster growth in the economy. "

"`Given the condition of the Japanese economy, the Nikkei appears cheap around 16,000,'' said Yoshihiro Ito, who helps oversee $689 million in assets at Okasan Capital Management Co. in Tokyo. ``Companies are expected to raise their profit forecasts next quarter and the BOJ decision not to increase rates is another factor aiding the market.''

"Japanese bank lending rose for a seventh month in August as companies sought cash to fund increases in capital spending. Loans climbed 1.9 percent in August from the same month a year earlier, a Bank of Japan report in Tokyo today showed."

for info:
http://www.bloomberg.com/apps/news?pid=20601101&sid=aisXxmGtdRbc&refer=japan

 

[Ichiro]

9sep-fsu-a cautionary housing tale from japan (very interesting!!!-- house prices dropped by 50% in Japan several years ago-it is a long article but worth reading if you are interested in undertanding how a typical japanese person thinks when the housing price was dropping..)

by michael nystrom

for info:http://www.[[financialsense.com/fsu/editorials/2006/0909.html

 

[Ichiro]

10sep-bloomberg-yen posts biggest weekly advance

by min zeng

"European Central Bank President Jean-Claude Trichet urged developing Asian nations such as China to allow their currencies to gain gradually, the Boersen-Zeitung reported yesterday, citing a guest column to appear in today's edition.

``Asian countries such as China and Japan will be pushed to allow their currencies to strengthen,'' said Greg Salvaggio, vice president of capital markets at currency-trading firm Tempus Consulting Inc. in Washington. "

for info:http://www.bloomberg.com/apps/news?pid=20601101&sid=aJgh6lmCIpAI&refer=japan

 

[Ichiro]

10sep-opec concerned about oil price drop

by jim efstathion

"`If you have a recession, the price of oil will tank,'' Schenker said in Vienna. ``Right now we're pricing in a 30 percent chance of a recession next year. If there's a 30 percent chance of a recession, there's a 30 percent chance of sub-$40 oil.''


For info:

http://www.bloomberg.com/apps/news?pid=20601087&sid=adyRy6LDFOK0&refer=worldwide

 

[Ichiro]

12sep-ap-trade deficit hits $68B

by martin crutsinger

"The Commerce Department reported Tuesday that the July deficit jumped 5 percent from the June imbalance. Analysts had expected the deficit to worsen slightly, but the overall imbalance was worse than expected and surpassed the old monthly record of $66.6 billion set last October."

for info:

http://biz.yahoo.com/ap/060912/economy.html?.v=2

 

[Ichiro]

12sep-reuters-$ edges donw after record us trade gap

"The dollar slipped and then recovered on Tuesday after the U.S. trade deficit widened to a record in July, as dealers shrugged off the data and focused on paring large bets against the greenback."

for info:

http://yahoo.reuters.com/news/artic...9-12_12-42-58_NYH000255&type=comktNews&rpc=44