* KOSPI index reverses earlier losses, foreigners sell* Korean won rose versus U.S. dollar* South Korea bond yields were down SEOUL, Jan 31 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Wednesday. The Korean won rose inched up against the dollar while bond yields fell. ** At 0100 GMT, the KOSPI was up 6.52 points or 0.3 percent at 2,574.26. The...Read More
* Dollar steady vs basket of major currencies* Traders await Trump's address, Fed policy statement By Masayuki KitanoSINGAPORE, Jan 31 (Reuters) - The dollar held steady against a basket of major rivals on Wednesday, as investors awaited the U.S. Federal Reserve's policy decision and U.S. President Donald Trump's State of the Union address.The dollar index, which measures the greenback against a...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* LME Copper Stock Arrivals: * LME Copper Stocks: By Andy HomeLONDON, Jan 30 (Reuters) - You don't get much market bang for 100,000 tonnes of copper these days. Or 101,725 tonnes to be precise, which is the amount of metal that was dumped into the London Metal Exchange (LME) warehouse network ov...Read More
Jan 31 (Reuters) - NZX Ltd said on Wednesday it had signed a memorandum of understanding with Hong Kong Exchanges and Clearing Ltd as the two exchanges look to collaborate on a range of assets."This supports the New Zealand exchange's commitment to increase its international presence as outlined in NZX's recently released strategy," NZX Chairman James Miller said in a statement.The memor...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution rules that have curtailed factory output.The official Purchasing Managers' Index (PMI) released on Wednesday dipped to 51.3 in January, from 51.6 in December. But it remained comfortably above the 50-point mark that separates growth...Read More
BEIJING, Jan 31 (Reuters) - Growth in China's services industry picked up in January, an official survey showed on Wednesday, suggesting the key sector is continuing to expand robustly at the start of 2018.The official non-manufacturing Purchasing Managers' Index (PMI) rose to 55.3 from 55 in December.China's leaders are counting on growth in services and consumption to rebalance their economic gr...Read More
* BOJ should mull adjusting yield target in future - one member* Undesirable for markets to price in near-term normalisation* Some members said BOJ must maintain powerful easing (Adds quotes, detail)By Leika KiharaTOKYO, Jan 31 (Reuters) - Several Bank of Japan policymakers said the bank may need to consider raising interest rates or slow its risky asset purchases if economic and price conditions...Read More
CNBC looked at all the times in the last 10 years when the Cboe Volatility index jumped 5 points in five days to see which ETFs outperformed during this period. In such instances, the iShares 20+ Year Treasury Bond ETF (TLT) has averaged a 2.1 percent gain. Gold also tends to outperform in times of market anxiety. Thomas Franck| @tomwfranck Published 5 Hours AgoUpdated5 Hours AgoCNBC.com Gabrie...Read More
CHICAGO, Jan 30 (Reuters) - Illinois lawmakers on Tuesday expressed interest and skepticism in an idea that the U.S. state should sell $107 billion of bonds to address its huge unfunded pension liability.At a hearing before the Illinois House Personnel and Pensions Committee, Runhuan Feng, an associate professor of mathematics at the University of Illinois, laid out a plan for selling taxable 27-y...Read More
(Adds analyst's quote, detail)* Dec output +2.7 pct m/m vs forecast +1.6 pct* Output seen -4.3 pct in Jan, +5.7 pct in Feb* METI maintains view of output as "picking up"* Factory output closely correlates with GDP growth* Output gap shows demand tops supply by most since 2008 By Tetsushi KajimotoTOKYO, Jan 31 (Reuters) - Japan's industrial output grew in December at the fastest pace in...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC -1.0 pct, CSI300 -1.1 pct, HSI -1.1 pct* Shanghai->HK daily quota used 20.6 pct* HK->Shenzhen Connect daily quota used 5.4 pct, Shenzhen->HK daily quota used 12.3 pct* CNY official close 6.325 per dollar* FTSE China A50 -1.5 pct, BNY Mellon ADR China Select Index -2.2 pct SHANGHAI, Jan 31 (Reuters) - Following is a list of recent corporate and poli...Read More
SEOUL (Reuters) - South Korea will begin a joint training program at the Masikryong ski resort in North Korea on Wednesday as had been initially planned, the South’s Ministry of Unification said, with 45 South Korean athletes set to depart for a two-day trip.The South Korean athletes will fly in a chartered plane at 0100 GMT on Wednesday to Kalma Airport, the ministry said in a mobile text.R...Read More
* Debt campaign hits major source of funding for small banks* Many banks will be forced to change business model* Funding pressures could spark consolidation in sector By Andrew Galbraith and Samuel ShenSHANGHAI, Jan 31 (Reuters) - Three years ago, China's Bank of Jilin transformed its business strategy and began to gorge on debt. With a presence in just two provinces in northeast China, its favo...Read More
(Adds analyst comment, detail)* Dec factory output -0.5 pct m/m s/adj (Reuters poll +0.1 pct)* Dec factory output -6.0 pct y/y (Reuters poll -1.4 pct) By Cynthia Kim and Dahee KimSEOUL, Jan 31 (Reuters) - South Korea's industrial production unexpectedly fell in December, failing to recover after barely expanding in November as car output contracted sharply, national statistics agency data showed...Read More
Jan 30 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 31-JanSwedenAuction of Treasury bills31-JanGermany Auction of 5-year Federal notes31-JanNorwayAuction Treasuries 1-FebJapan 3-month discount bill auction 1-FebJapan Auction of 10-year government bonds 1-FebSpain Bond auction 1-FebSwede...Read More
Jan 31 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- WEDNESDAY, JANUARY 31 SANTIAGO - Central Bank of Chil...Read More
Jan 31 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- WEDNESDAY, JANUARY 31 MADRID - Spanish Economy Minister Luis de Guindos to speak at a book pr...Read More
TOKYO, Jan 31 (Reuters) - Japan's industrial output rose 2.7 percent in December from the previous month, up for a third straight month, government data showed on Wednesday, in a sign of brisk factory activity.The result compared with economists' median estimate of a 1.6 percent increase in a Reuters poll, and followed a 0.5 percent rise in November.Manufacturers surveyed by the Ministry of Econom...Read More
The gold price chart is going to break higher, says famed investor and “Bond King” Jeffrey Gundlach, who believes that commodities are one of the best buys in 2018.“The gold chart looks a lot like the commodity chart, like it’s pacing out, about to break higher. And with the dollar getting weaker, I think you stay with that systematic positioning. I’ve been recommendi...Read More
(Adds background, details on previous bids and share movement)Jan 31 (Reuters) - AWE Ltd said on Wednesday it has given suitor Mineral Resources three days to match a A$594 million ($480 million) takeover offer from Mitsui & Co , or it will nominate the Japanese bid as a superior offer.The Australian gas producer said in a statement it notified Mineral Resources late Tuesday, giving it a dead...Read More