The Traderszone Network

Published in TZ Latest News 1 September, 2014 by The TZ Newswire Staff

Asian stocks slip, euro hits one-year low on ECB uncertainty

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4 percent after managing to carve out gains on the previous day. Tokyo’s Nikkei (.N225) bucked the trend and rose 1.2 percent, with a planned cabinet reshuffle by Prime Minister Shinzo Abe helping fuel reform hopes. In currencies, the dollar, boosted by the flagging euro and gains in Tokyo shares that dented the appeal of the safe-haven yen, rose to a seven-month high of 104.76 yen (JPY=). The market is also keeping an eye on the rise in equities,” said Shinichiro Kadota, chief Japan FX strategist at Barclays Bank in Tokyo.