March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------FRIDAY, MARCH 2 ** MANILA - Stefano...Read More
March 2 (Reuters) -For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events-----------------------------------------------------------FRIDAY, MARCH 2** HAMBURG, Germany...Read More
** Oil and gas explorer Central Petroleum Ltd risesas much as 33.3 pct to A$0.140, its highest since June 23, 2017** Australian Competition and Consumer Commission releases adraft decision proposing to authorise joint gas marketingarrangements between Central Petroleum Ltd and MacquarieMereenie, owned by Australian based provider of financialservices Macquarie Group Ltd** Says it granted interim a...Read More
* USD/AXJ rally cut short in NYK on Trump's imposition of tariffs * Caught between confident Fed and trade war fears* Reaction of China and Asia awaited; EU promises firm response * USD downside limited as AXJ -ves surface, risk aversion rises * USD/CNY locked in 6.28-6.36 range, watch PBOC yuan mid-point * USD/MYR capped by 3.9285-3.9300, break extends to 3.9420; support at3.9000 Disclaimer: Th...Read More
* Tokyo February core CPI slightly higher than expected.* Overall CPI in February +1.4% y/y too, BoJ making progress towards target?* CPI excluding fresh food/energy +0.5% y/y still however.* If the BoJ focuses on the overall level, indeed progress being made.* Rise in prices good but with no complimentary rise in wages walletstighter. Disclaimer: The views expressed in this article are those of...Read More
WASHINGTON, March 1 (Reuters) - U.S. President DonaldTrump's top economic aides held "frank and constructive" talkswith Chinese President Xi Jinping's top economic adviser, LiuHe, on trade and economic relations on Thursday, a White Houseofficial said."We underscored the importance of achieving balance andreciprocity in the economic relationship," the official said ofthe meetin...Read More
** Syrah Resources Ltd falls as much as 5.7 pct toA$3.17, its lowest since Feb 13** Graphite products supplier flags damage to certainmachinery at its Balama operations in Mozambique ** Expects to produce about 65 pct of volume planned forramp up during estimated 8 weeks needed for repair** Stock posts biggest intraday pct fall since Feb 9, amongtop pct losers on the Australian main index ** Up to...Read More
* Unemployment at 2.4% lowest since April 1993, 2.7% eyed.* Jobs/applicants ratio at 1.59 same as December, 1.60 eyed.* Japanese labor even tighter than before, falling/ageing population factor.* Japan still refuses to take in large numbers of immigrants.* That said, non-Japanese population increasing, fact felt in large cities. Disclaimer: The views expressed in this article are those of the au...Read More
(Updates with comment from chief Canadian negotiator) By David Ljunggren and Dave Graham MEXICO CITY, March 1 (Reuters) - Negotiators trying torework the NAFTA trade deal on Thursday were hit by the prospectof conflict over U.S. steel tariffs that could complicatecarmaking in North America, one of the most sensitive issues atthe talks. U.S. President Donald Trump said he would impose the tariffsbe...Read More
* USD/SGD back in technical no man's land on conflicting fators* Rally overturned, avoids Bollinger uptrend channel at 1.3260* Intraday support at 1.3151 entrance of downtrend channel* US tariffs trigger stock selloff, risk aversion in Asia expected* But US yields also fell as a result, dampening USD gains* Response from China to Trump's tariffs awaited <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
* Softer early - closed -0.4% - risk off on trade friction & lower USTyields* Tokyo CPI, poll 0.8% & unemployment, poll 2.7% lead data - focus on Nikkei* Horizontal Tenkan & Kijun lines do not suggest a trending move* 2 days of losses, with risk broadly offered weigh - primary trend is lower* Close below 106.10, 76.4% Feb bounce would target 105.54 Feb low* 105.31, 76.4% 2016 rise majo...Read More
** Australia Bluescope Steel rises as much as 3.8percent to A$16.79, its highest level since Jan. 2010** Steel futures rose for a fifth straight day on Thursdayon tighter supply expectations from China ** On Monday, the steel maker posted a 23 pct jump infirst-half profit and said it would extend its buyback program ** Stock among top gainers on the Aussie main board (Reuters Messaging:rushil.dutt...Read More
TOKYO, March 2 (Reuters) - Japan's jobless rate dropped to alower-than-expected 2.4 percent in January and the availabilityof jobs stayed at a 44-year high, government data showed onFriday.The seasonally adjusted unemployment rate fell from 2.8percent in December, data from the Internal Affairs ministryshowed. Economists' median forecast was for the jobless rate tofall to 2.7 percent.The jobs-to-a...Read More
* USD/KRW likely re-opens near flat vs prev close 1082.8* Consolidation within Ichimoku Cloud 1070.8-1090.4 may persist* Risk aversion theme could resolve with stronger USD/KRW* Trade tariffs by Trump sink stocks, but US yields drop too* Announcement of tariffs on metals may cue trade war * Fed chair Powell says US economy not overheating <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^...Read More
Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More
Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More
NEW YORK, March 1 (Reuters) - U.S.-based high-yield junkbond funds posted $703 million of outflows for the week endedWednesday, their seventh straight week of cash withdrawals,Lipper data showed on Thursday.But higher up in the credit-quality spectrum, U.S.-basedinvestment-grade corporate bond funds attracted $1.37 billion innew cash, their second consecutive week of inflows, Lipperadded. (Reporti...Read More
(Adds comment from Business Roundtable)By Nick Carey and Arunima BanerjeeMarch 1 (Reuters) - Stock prices of U.S. steel and aluminummakers rose on Thursday after President Donald Trump announcedhefty tariffs on metal imports to protect them from foreigncompetition, but many other companies saw stock price falls asthey may face higher prices for raw materials which will forcethem to raise prices fo...Read More
(Repeats to attach to alerts)TOKYO, March 2 (Reuters) - Japan's jobless rate dropped to alower-than-expected 2.4 percent in January and the availabilityof jobs stayed at a 44-year high, government data showed onFriday.The seasonally adjusted unemployment rate fell from 2.8percent in December, data from the Internal Affairs ministryshowed. Economists' median forecast was for the jobless rate tofall...Read More
SEOUL, March 2(Reuters) - Details of South Korea's January industrialactivity, retail sales and investment data, released on Friday by StatisticsKorea (percentage change unless stated, month-on-month changes seasonallyadjusted): Jan*DecY/YM/M Y/Y M/M Industrial output +4.6 +1.0-4.6-1.7 Manufacturing ex-factory+3.6~-7.5 ~ shipments Shipments for domestic+4.6~-7.9 ~ marketShipments for exports +0.4...Read More