TOKYO, March 1 (Reuters) - Japanese manufacturing activityexpanded at a slightly slower but still solid pace inFebruary, revised data showed on Thursday, as the stronger yenweighed on new export orders.However, hiring rose at the fastest pace in 11 years ascompanies remain optimistic about future demand.The final Markit/Nikkei Japan Manufacturing PurchasingManagers Index (PMI) was a seasonally adj...Read More
KUALA LUMPUR, March 1 (Reuters) -Data from the Markit Malaysia Purchasing Managers' Index forFebruary.?EUREURReadings above 50.0 signal an improvement in businessconditions while ones below indicate deterioration. DATAFEBJANDEC49.9 50.5 49.9 CONTEXT* A decline in new orders, reflecting weak demand, led theheadline PMI index to show contraction, though at a marginalrate. The index was swung between...Read More
** Rio Tinto shares fall as much as 4.8 pct toA$77.25, its lowest level in two weeks** Stock trading ex-dividend** Posts biggest intra-day pct decline since April, 2017** About 3.1 mln shares change hands, compared with the30-day average trading volume of about 2.3 million shares** Rio shares biggest drag on the Australian main board (Reuters Messaging:rushil.dutta.thomsonreuters.com@reuters.net)...Read More
** Genworth Mortgage Insurance Australia Ltd fallsas much as 7.1 pct to A$2.34, its lowest since May 2016** Australia's biggest mortgage insurer's stock tradesex-dividend** Stock posts biggest intra-day pct fall since Dec. 15** Stock top pct loser on the Australian main index ** Co on Wednesday posted a 26.6 pct fall in FY net profitattributable to A$149.2 mln ($115.50 mln) ($1 = 1.2918 Australian...Read More
The politically correct answer is no, but the question muststill be considered. Will China flex its iron-fisted control ofthe CNY as trade tensions with the US intensify? Officials havevoiced strong dissatisfaction at newly imposed tariffs onaluminium foil , ahead of trade talks with the US . Even before the brunt of duties on exports to theUS can be felt, Chinese economic data is starting to falt...Read More
TAIPEI, March 1 (Reuters) -Data from the Nikkei/Markit Taiwan Purchasing Managers'Index for February. Readings above 50.0 signal an improvement in businessconditions while readings below indicate deterioration.FEBRUARYJANUARYDECEMBER 56.056.9 56.6 *The headline PMI of 56.0 in February, down from 56.9 inJanuary, showed that the rate of improvement in themanufacturing sector moderated slightly.*Alth...Read More
** Oil and gas explorer Central Petroleum Ltd risesas much as 21.05 pct to A$0.115, its highest since Sept. 1, 2017** Co's unit wins Queensland Government's tender acreage; Coand Australia-based explosives manufacturer Incitec Pivot to set up a 50:50 joint venture to operate on acreageland ** Incitec to also provide A$20 mln ($15.51 mln) of fundingto JV for exploration and appraisal of the acreage...Read More
** Australia's energy index falls as much as 2.2 pctto over two-week low** Oil prices fell on Wednesday, after official data showeda larger-than-expected increase in U.S. crude inventories and asurprise build in gasoline stocks ** Brent crude futures fell for a second day after risingfor six straight sessions** Oil Search drops as much as 5.2 pct to lowestsince early Dec. 2017; marks sharpest intr...Read More
* CAPEX in Q4 '17 was good, +4.3% y/y, excluding software +3.1% q/q.* Data good but may represent near-term peak, data into '18 on weak side.* Growth and CAPEX likely to fall back, stronger JPY to weigh.* Separately, Q4 recurring profits +0.9% y/y on sales of +5.9% y/y.* Profits and sales may have peaked in Q4 for now as well.* Japan Inc is sitting on massive cash however, still skimping on wages....Read More
SYDNEY, March 1 (Reuters) - Private new capital expenditurein Australia in the December quarter, released by the AustralianBureau of Statistics on Thursday. Actual new capital expenditure:(in A$ bln, chain volume measures, seasonally adjusted)ASSET Q4 Building structures 16.186 Equipment, plant, machinery 13.386 Total 29.572 Latest estimates for business investment spending in currentprices:2017/1...Read More
* AUD/USD edging below 61.8 of 0.75010.8136 at 0.7744 on weaker Q4 CAPEX* Headline CAPEX -0.2% vs expectations of plus 0.9%* A clear break below 0.7740 opens way for a move to 0.7500 at some stage Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; howev...Read More
* MSCI Asia-Pacific index down 0.35 pct, Nikkei sheds 0.85pct* Asia weighed after Wall St suffers worst month in 2 years* Dollar supported amid prospects of hawkish Fed By Shinichi SaoshiroTOKYO, March 1 (Reuters) - Asian stocks skidded on Thursdayafter comments from the Federal Reserve's new chief rekindledfears about the pace of U.S. monetary tightening this year,sending Wall Street tumbling for...Read More
Please ignore the alert on China's official manufacturing PMIpublished at 0015 GMT on Thursday. The PMI was released onWednesday and was covered in this report . Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor t...Read More
* USD/CNY fix expected range 6.3320-6.3370, close to prev 6.3294* Spot likely continues to gyrate in narrow technical range* Breakout from 6.2951-6.3394 span needed for momentum* China Caixin PMI data due, Wed official data was poor * Markets didn't simply shrug if off as Lunar New Year effect* SSEC tumbled 1.0% Wed, partly due to Wall St selloff<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* EUR/JPY down hard yesterday, EUR sales and JPY buys, tech support broken.* Cross toyed with ascending 200-DMA since Friday, decisive break yesterday.* From 131.50 to 130.05, 200-DMA up at 131.27 today, resistance.* 130.00 pierced early, 130.10 to 129.92, any option KOs at 130.00 history.* Fibo retracements again in sight, 38.2% of 114.86-137.51 at 128.85.* Option expiries today to upside - 131.0...Read More
** Taruga Gold Ltd surges as much as 100 pct toA$0.165, its highest since Dec. 3, 2014** The mineral explorer says it signs option agreements tobuy cobalt-copper projects in the Democratic Republic ofCongo ** Stock posts its biggest intraday pct jump since Feb. 4,2013** Over 10 mln shares change hands, compared with the 30-dayaverage of 506,483 shares Disclaimer: The views expressed in this arti...Read More
** Kawasaki Heavy Industries tumbles 5.1 pct to3,720 yen, its lowest since late Dec** Co reveals manufacturing error for bullet train crack **Kawasaki Heavy Industries Ltd has underperformed theTokyo SE TOPIX Transportation Equipment Stock Price Index sector by 10.5 percentage points in the past one month.** The main stock index NIKKEI 225 INDEX has fallen4.46 percent in the past month.** As of 00...Read More
* USD/MYR to continue to exert pressure on 3.9285, 76.4% of 3.9420-3.8850move* Break to yield test of 3.9420 Feb high as solid base forms at3.8850-3.8900* Underpinned by 2-year yield which reach highest since Sept 2008 * AXJ bloc could be affected if China Caixin mfg PMI disappoints today* China official PMIs Wed herald sharp slowdown before NPC * MY Jan CPI +2.7% y/y, slowest in over a year, BNM...Read More
By Noel RandewichSAN FRANCISCO, Feb 28 (Reuters) - For years, the shares ofgunmakers have tended to climb in the wake of mass shootings,but the second-deadliest shooting at a public school in U.S.history may have changed that.Since the killing of 17 students and staff at MarjoryStoneman Douglas high school in Parkland, Florida, on Feb. 14,there has been an outpouring of calls for gun control measu...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -0.9 pct, HSI -1.4 pct* HK->Shenzhen Connect daily quota used 1.9 pct, Shenzhen->HK daily quota used 8.2 pct* CNY official close 6.324 per dollar* FTSE China A50 -1.6 pct, BNY Mellon ADR China Select Index -0.2 pctSHANGHAI, March 1 (Reuters) - Following is a list of recent corporate and policyannouncements, as well as other news that m...Read More