* +0.1% in early Tokyo - FX sidelined as stocks slump - Nikkei -2.5%* Economists poll suggests EZ growth has peaked, but resilient * Bullish outside day would be validated by a close above 1.2273 NY high * Momentum studies conflict, 5, 10 & 20 DMAs slip - negative setup* Targets a close below 1.2172, 38.2% Nov/Feb rise, tested in NY* 1.2200-10 913M, 1.2250 2.6BLN & 1.2300 826M are the clos...Read More
** S.Korean steelmaker Posco falls more than 3pct to a four-week low** U.S. President Donald Trump announced on Thursday hewould impose hefty tariffs on imported steel and aluminium toprotect U.S. producers ** Other steel shares such as Hyundai Steel andDongkuk Steel also down nearly 3 pct** Broader market slumps 1.4 pct as of 0105 GMT Disclaimer: The views expressed in this article are those of...Read More
(Refiles to fix typographical error in first paragraph)* Trump's tariff on steel and aluminium raises trade warfears* U.S. debt yields fall as trade worries dwarf inflationjitters* U.S. junk bonds post largest fall since Nov 2016By Hideyuki SanoTOKYO, March 2 (Reuters) - Stock markets in Asia extended aselloff on Wall Street as investors were rattled after PresidentDonald Trump announced the Unite...Read More
* Dollar index pulled back from 6-week highs* Trump's steel & aluminium tariff plan stops dollar'srecovery* Euro awaits weekend Italy elections for near-term cues* Pound edges off 7-week lows, focus on May's speechBy Shinichi SaoshiroTOKYO, March 2 (Reuters) - The dollar drooped on Friday,having pulled sharply back from six-week highs after U.S.President Donald Trump's decision to impose tarif...Read More
** Steelmakers tumble; Nippon Steel & Sumitomo Metal Corp down 3.7 pct to 2,424 yen, lowest since last June; JFEHoldings declines 3.7 pct to 2,323 yen, lowest sincelast Oct; Kobe Steel falls 3.0 pct to more than 2-weeklow of 1,122 yen** President Donald Trump said the United States wouldimpose import tariffs on steel and aluminium ** Trump said the duties of 25 percent on steel and 10percent o...Read More
** Shares of companies with exposure to North Korea rallyafter S.Korea's President Moon Jae-in on Thursday said he plansto send a special envoy to Pyongyang ** Clothing companies such as In The F Co Ltd soars more than 12 pct to its 13-month high, while Shinwon rises 6.5 pct** Both companies own a branch in Kaesung Industrial Complexin North Korea** Broader market down 1.5 pct as of 0042 GMT Dis...Read More
** EVZ Ltd rises as much as 16.7 pct to A$0.028,its highest since Jan. 15** Energy and engineering services firm's unit securescertain contracts for A$11.2 mln ($8.69 mln) ** Stock posts biggest intra-day pct gain since Jan. 12** About 2.2 mln shares have changed hands, compared withthe 30-day average of 649,985 shares($1 = 1.2890 Australian dollars) Devika.Syamnath.thomsonreuters.com@reuters.net)...Read More
March 2(Reuters) - Reuters has surveyed around 80 economists on the outlook for growth, inflationand central bank policy in the euro zone.Other stories on the U.S., UK and Japan economic outlook to follow the comingweeks.> Euro zone economic growth momentum has peaked, say economists DETAILED DATA AND CROSS-COUNTRY COMPARISONFor Reuters poll data by economic indicator, select country and prefer...Read More
** Ito En dives 10 pct to 4,020 yen, its lowestsince mid November** Co cuts net profit outlook by 10 pct to 12.35 bln yenfrom 14 bln yen for FY ending April 2018 ** As of 00:27 GMT, about 386.50 thousand shares of theTokyo-to-based company have been traded, about 198.9 percent oftheir 30-day moving average of 194.28 thousand shares a day.** Among the 3 analysts that cover Ito En Ltd, the currentav...Read More
Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that Eagle Geophysics of Sorel, Qc has been retained to fly a helicopter borne high resolution Quadri-Mag, VLF and AFMAG Survey over our New Alger project which hosts both the Thompson-Cadillac Mine Area maiden resource and the Discovery Veins gold system.Read full newsRead More
(Adds quotes from head of research services at Thomson ReutersLipper, table)By Jennifer AblanNEW YORK, March 1 (Reuters) - U.S.-based junk bond fundsposted $703 million of outflows for the week ended Wednesday,their seventh straight week of cash withdrawals, Lipper datashowed on Thursday.But higher up in the credit-quality spectrum, U.S.-basedinvestment-grade corporate bond funds attracted $1.37 b...Read More
SEOUL, March 2 (Reuters) - South Korea's factory activityexpanded for a second straight month in February as growth inoutput and new orders was sustained, a private manufacturingsurvey showed on Friday.The Nikkei/Markit purchasing managers' index (PMI) onoperating conditions for the manufacturing sector was 50.3 forFebruary, compared with January's 50.7.The 50-point level separates expansion from...Read More
(Adds details of Lui He's meetings)WASHINGTON, March 1 (Reuters) - The Trump administrationheld "frank and constructive" talks with Chinese President XiJinping's top economic adviser, Liu He, on Thursday, a WhiteHouse official said, the same day U.S. President Donald Trumpsaid he would impose steep tariffs on imported steel andaluminium in a veiled threat to China."We underscored th...Read More
** Australia's gold index rises as much as 1.3 pct,in a broader market that fell about 0.8 pct** Gold prices edged up from 2-month lows hit in theprevious session as the dollar scaled back from multi-week highs** The dollar fell to two-week lows against the yen anddropped from seven-week highs versus the euro on Thursday onfears of an imminent trade war after U.S. President Donald Trumpsaid the Un...Read More
** Radio content creator Southern Cross Media Group Ltd falls as much as 4.1 pct to A$1.045, its lowest sinceApril, 2016** Stock is trading ex-dividend today** Stock posts its biggest intraday pct fall since Feb. 23,when it declared interim results ** Up to Thursday's close, stock hadfallen 8 pct this yearcompared with a 1.5 pct decline in the S&P/ASX 200 Index Messaging: Aaron.Saldanha@thomso...Read More
* Flat as Asia open - closed +0.1%, capped by Brexit uncertainty * May to outline wide ranging free trade agreement today * 1.3712 rebound leaves hammer reversal signal - close above 1.3785validates* Momentum studies, 5, 10 & 20 DMAs head lower - bearish trending setup* 1.3700, 61.8% Dec/Jan rise initial significant support* NY 1.3712/1.3785 range is initial support/resistance<^^^^^^^^^^^^^...Read More
* USD/CNY fix estimate range 6.3300-6.3350 vs prev 6.3352* O/n DXY slippage to drag fix down from 6.3430 official close* Announcement of US tariffs may impact CNY fix * China could use FX as tool to retaliate * Whittling the yuan would help offset Trump's tariffs <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^CNYfix: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.4 pct, CSI300 +0.6 pct, HSI +0.7 pct* HK->Shanghai Connect daily quota used 4.3 pct, Shanghai->HK daily quota used 18 pct* HK->Shenzhen Connect daily quota used 6.4 pct, Shenzhen->HK daily quota used 12.7 pct* CNY official close 6.3575 per dollar* FTSE China A50 +0.6 pct, BNY Mellon ADR China Select Index -0.8 pctSHANGHAI, March 2 (Reuters) -...Read More
(Adds analyst comment, detail)* Jan factory output +1.0 pct m/m s/adj (Reuters poll +2.0pct)* Jan factory output +4.6 pct y/y (Reuters poll +3.2 pct)By Cynthia Kim and Dahee KimSEOUL, March 2 (Reuters) - South Korea's industrial outputrebounded in January, official data showed on Friday, reflectingstrong export demand for memory chips and petroleum products. A measure of factory utilisation increa...Read More
* USD/JPY initially up o/n on good US data but trade takes limelight later.* From 107.20, pair down hard on Trump goes on trade offensive.* Japan not targeted as of yet but part of greater Asia, mood risk off.* Nikkei already in 2.4%+ plunge after TSE open, US Treasury yields off too.* 106.16 low o/n, Asia so far 106.08-27, some bids still pre-106.00.* Total USD1.6 bln+ option expiries 106.50-107....Read More