15 November, 2015 by The TZ Newswire Staff Comments Off on Asian shares, currencies slide after Paris attacks, data
Asian shares, currencies slide after Paris attacks, data
HONG KONG/TOKYO (Reuters) – Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday’s deadly attacks in Paris and downbeat economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1 percent in early trade after a 3 percent loss last week. Leading the losers were the Nikkei stock index which tumbled nearly 1.3 percent, nearly wiping out last week’s 1.7 percent gain as latest economic data undershot expectations.
15 November, 2015 by The TZ Newswire Staff Comments Off on Stock futures extend Friday losses in the wake of Paris attacks
Stock futures extend Friday losses in the wake of Paris attacks
U.S. equity futures opened lower on Sunday, following coordinated attacks in Paris on Friday that killed more than 130 people. The attacks unfolded after markets closed in the United States, but equity futures added to losses in light volume in after-hours Friday trading after reports hit the news and images were shared on social media. Analysts expected a so-called run to safety as a knee-jerk reaction to the uncertainty caused by the attacks, and the slide in equity futures partly confirmed expectations.
15 November, 2015 by The TZ Newswire Staff Comments Off on Paris attacks seen causing short-term global markets drop
Paris attacks seen causing short-term global markets drop
SYDNEY/TOKYO/PARIS/NEW YORK (Reuters) – Stocks in major markets are set for a short-term sell-off on Monday after suspected Islamist militants launched coordinated attacks across Paris that killed more than 130 people, but few strategists expect a prolonged economic impact or change in prevailing market directions. If anything, any initial damage to economic confidence, tourism and trade within Europe will likely reinforce the European Central Bank’s resolve to ease monetary policy further next month, they reckon.
15 November, 2015 by The TZ Newswire Staff Comments Off on Japan relapses into recession in July-Sept, blow to Abenomics
Japan relapses into recession in July-Sept, blow to Abenomics
Japan’s economy slid back into recession in July-September as uncertainty over the overseas outlook hurt business investment, keeping policymakers under pressure to deploy new stimulus measures to support a fragile recovery. A rebound in private consumption and exports offered some hope the world’s third-largest economy is emerging from the doldrums, despite slowing Chinese demand and the pain households are feeling from rising imported food prices. “A big drop in inventory was the largest factor behind a third-quarter contraction.
15 November, 2015 by The TZ Newswire Staff Comments Off on Oil edges up in high turnover after Paris attacks
Oil edges up in high turnover after Paris attacks
Crude oil futures edged up in early trading on Monday following the deadly attacks on Paris, but prices remained near August lows and oil and other commodities are expected to continue under broad pressure in nervous trading. Both crude benchmarks, which lost 8 percent last week, saw high levels of activity in early trading as commodity traders looked nervously for direction following the deadly attacks in Paris on Friday. ANZ bank bank said that oil prices would remain under pressure from fundamentals as production remains high despite slowing global economic growth.
15 November, 2015 by The TZ Newswire Staff Comments Off on China PBOC, commercial banks bought net foreign exchange in October
China PBOC, commercial banks bought net foreign exchange in October
The People’s Bank of China, along with commercial banks, bought net 12.9 billion yuan ($2.02 billion) worth of foreign exchange in October, data showed on Sunday, stemming heavy sales in the previous three months that underlined capital outflows.
15 November, 2015 by The TZ Newswire Staff Comments Off on Saks pins hopes on $250M Fifth Avenue revamp
Saks pins hopes on $250M Fifth Avenue revamp
Saks is betting that shoppers still care about glamour with a $250M restoration of its Fifth Avenue flagship store, the NYT reports.