Category: Markets
Asia shares adrift for US holiday, focus on Unilever
SYDNEY, Feb 20 (Reuters) – Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar recouped early losses ahead of a busy week for Federal Reserve speakers. Turnover was light with U.S. markets closed for the Presidents Day holiday. MSCI’s broadest index of Asia-Pacific shares outside […]
Asian stocks at 1-1/2 year highs on robust Wall St; dollar retreats
HONG KONG, Feb 16 (Reuters) – Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally on Wall Street and strong U.S. data though the dollar stepped back after a recent bounce. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, rising to its highest since July […]
South Asian stock exchange officials to meet in Colombo
Feb 14, 2017 (LBO) – The Colombo Stock Exchange (CSE) will host the executive committee board meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. “The event will strengthen cooperation among our exchanges and create opportunity for cross-border investment linkages,” Vajira Kulatilaka, chairman, SAFE and CSE […]
Asia shares notch 19-month highs, dollar firm
SYDNEY, Feb 14 (Reuters) – Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. The dollar was also bolstered by speculation the head of the Federal Reserve would underline the prospects of more U.S. rate hikes […]
Yen slips after Trump-Abe meet, Asian shares firm
TOKYO, Feb 13 (Reuters) – The dollar rose against the yen on Monday on relief that U.S. President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy. Asian stocks ticked up, helped by renewed optimism over Trump’s […]
Nikkei edges down in choppy trade; glass sector outperforms
TOKYO, Feb 8 (Reuters) – Japan’s Nikkei share average edged down in choppy trade on Wednesday morning as stocks tracked the volatile currency market, while the glass manufacturing sector outperformed on brisk earnings results. The Nikkei dropped 0.1 percent to 18,892.69, having dabbled in positive territory earlier in the trading session. The dollar fell 0.2 […]
Asian stocks shaky ahead of U.S. jobs data, China markets
HONG KONG, Feb 3 (Reuters) – Asian stocks got off to a tentative start on Friday, as investors await the outcome of a key U.S. monthly jobs report that will set the tone for the Federal Reserve’s policy outlook and as China’s markets reopen after a week-long break. MSCI’s broadest index of Asia-Pacific shares outside […]
Dollar caught in crossfire as Trump talks currency wars
SYDNEY, Feb 1 (Reuters) – The dollar was put on the defensive in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that also kept stocks subdued. The U.S. currency suffered its worst January in three decades after President Donald […]
Sri Lankan rupee steady; under pressure to depreciate
Jan 31, 2017 (Reuters) – The Sri Lankan rupee was steady on Tuesday in dull trade but dealers said the currency was under depreciation pressure with foreign investors exiting government securities. Rupee forwards were active, with two-week forwards trading at 151. 00/10 per dollar at 0524 GMT, unchanged from Monday’s close. The spot rupee was […]
Asian shares rattled by Trump travel curb orders, dollar soft
TOKYO, Jan 31 (Reuters) – Asian shares were on the defensive on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action. Global stocks posted their biggest loss in six weeks after Trump signed an […]
‘ dollar buying; stocks up
Jan 30, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Monday as some foreign banks bought dollars amid demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.00 per dollar at 0551 GMT, weaker from Friday’s close of 150.85/95. The spot rupee was quoted […]
Asia shares, S&P futures fall as Trump travel ban, weak GDP adds to U.S. worries
SINGAPORE, Jan 30 (Reuters) – Asian stock markets and U.S. stock futures retreated on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad and added to global fears of increasingly unpredictable U.S. policies. Trump on Friday put a 120-day hold on allowing refugees into the country, an indefinite ban […]